There is something unusual about Bitcoin's recent movement.



After weeks of consolidation, the price finally broke through $80,000 and is now holding above $88,000. Technically, this structure looks healthy — short-term moving averages are still supporting from below, and selling pressure is not strong enough to reverse the trend.

However, derivative data actually shows the opposite. Most traders are choosing short positions amid this rally. They might be seeing something that the chart hasn't revealed yet — or they could be the ones fueling the next rally if the price continues to rise and triggers mass liquidations.

The Fear & Greed Index is still in the Fear zone. The price is rising, but sentiment hasn't caught up. Divergences like this usually don't last long — one side has to give in first.

#GateSquareMayTradingShare
BTC0.64%
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