Bitcoin Shorts Reach All-Time Highs During Low Market Cycle, What’s Next?

Bitcoin short positions have been ranging near their all-time highs during the past month, signaling that traders are giving up hope that Bitcoin will maintain its current price of over $7,200. On September 1st, a notable 10,000 BTC short position was opened, bringing Bitcoin short positions back near their all-time high as Bitcoin shows relative stability in the low $7,000s.
Bitcoin Shorts Reaching All-Time Highs Could Act as Bitcoin Contrarian IndicatorBitcoin shorts first reached their h