Just took a look at on-chain data, and the situation with Bitcoin short positions is quite interesting. The short squeeze has already been mostly exposed, and even if BTC rises to 84,000, it can only clear about $2.2 billion in shorts. Conversely, if it drops to around 66,000, the bullish side faces significant danger, potentially being squeezed for over $6.9 billion. The price difference here is quite noticeable. Recently, BTC has been fluctuating above 76,000, and my feeling is that this level isn't very suitable for chasing the high; the risk of a reversal definitely exists. Still, it's important to keep an eye on market changes and avoid getting caught in a trap.

BTC0.07%
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