Bitcoin Smashes ATH—So Why Are Traders Betting Against It?

BTC just punched through another record high—yet the sharks are circling with shorts. Here’s the paradox shaking crypto markets.

The Contrarian Gamble

While retail FOMO fuels the rally, institutional traders are stacking bearish positions like Wall Street during a bubble warning. Classic ’buy the rumor, short the news’ play—or just hedge funds overcomplicating things again?

Liquidity vs. Leverage

Perpetual swaps show funding rates flipping negative as shorts pile in. Either smart money knows something we don’t, or they’re about to get squeezed into oblivion by the bull market’s inertia.

Cynical Take

Nothing unites crypto traders like collectively misunderstanding risk management. Meanwhile, Bitcoin—oblivious to the drama—keeps mooning. Some things never change.