Bitcoin’s Bullish Trap: Why Bears Could Get Crushed as Short Interest Piles Up Toward $100K–$110K
Bitcoin’s setting up a classic squeeze—and shorts are walking right into it.
As the king of crypto flirts with the $100K–$110K range, a surge in bearish bets hints at an explosive move ahead. Traders piling into short positions might want to check their leverage—history has a way of repeating itself.
The setup: Rising short interest + a market that loves proving skeptics wrong. Sound familiar? It should. Every major BTC rally has been fueled by overconfident bears getting steamrolled.
Meanwhile, Wall Street’s still trying to short innovation between golf sessions. Some things never change.
Bitcoin Long Positions Slightly Ahead But Shorts Catching Up
After reaching a new all-time high (ATH) of $111,814 last month, BTC has consolidated within the $100,000–$110,000 range for nearly a month, offering little clarity on its next directional move.
According to a new CryptoQuant Quicktake post by contributor BorisVest, fresh data from Binance crypto exchange suggests that long positions currently hold a slight edge in this range.
Historical data reveals a pattern – when short positions rise, short squeezes tend to follow. Similarly, a buildup in long positions has often led to long squeezes. A decisive breakout from either end of the current range will likely determine Bitcoin’s next major move.
That said, Binance data indicates that while long positions are marginally ahead, the ratio of longs to shorts remains relatively balanced. The funding rate hovering NEAR neutral levels supports this view, reflecting a closely contested standoff between bulls and bears.
However, such balance usually signals uncertainty in the market. While long interest has stabilized, short positions continue to climb – likely driven by expectations of further downside amid escalating geopolitical tensions in the Middle East. BorisVest noted:
This shows that most market participants believe the rally may not continue. When Bitcoin’s price starts to fall, and funding rates turn negative, it means shorts are piling in quickly. All of this points to this range being a highly sensitive zone.
He further noted that with most traders leaning toward short positions, the setup could be ripe for a surprise MOVE in the opposite direction – possibly fuelled by quiet accumulation from larger market participants.
Is BTC Preparing For A Big Move?
Despite BTC trading within the $100,000 – $110,000 range for the better part of the previous month, several analysts posit that the flagship cryptocurrency is preparing for a major move in the coming weeks.
Most analysts are leaning toward a move to the upside. For instance, crypto trader Josh Olszewics remarked that if liquidity holds, then BTC may eye a move toward the $150,000 level.
From a technical standpoint, the outlook is encouraging. Crypto analyst Mister Crypto recently pointed out that BTC is forming a bullish inverse head & shoulders pattern on the 3-day chart.
However, latest on-chain data shows that bitcoin Network Value to Transactions (NVT) Golden Cross recently moved into an overpriced zone, warranting caution. At press time, BTC trades at $105,940, up 1.1% in the past 24 hours.
