Bitcoin Smashes ATH—So Why Are Traders Betting Against It?
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Bitcoin just punched through another all-time high—and the market’s response? A tidal wave of short positions. Here’s what’s driving the contrarian gamble.
The Paradox of Peak Bitcoin
Even as BTC soars, derivatives data reveals traders are piling into shorts. Some see it as a hedge; others, pure opportunism. Classic crypto—celebrating new highs while preparing for a fall.
Wall Street’s Shadow Play
Institutional players might be quietly building exit liquidity (surprise, surprise). Retail FOMO meets smart-money skepticism—another chapter in crypto’s volatile love story.
The Cynic’s Take
Let’s be real: nobody actually knows. Bulls cite halving dynamics; bears scream bubble. Meanwhile, exchanges rake in fees from both sides. The house always wins.
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