Short positions on CEXs hit extreme levels, marking a major bottom for Bitcoin

Short positions on centralized crypto exchanges have surged to their most aggressive levels since August 2024, when Bitcoin walked into a multi-month bottom of $55,000 before surging to its year high $106,000 just four months later. According to aggregated funding rate data compiled by Santiment Feed, market-wide positioning is currently leaning heavily towards the downside. […] source: https://www.cryptopolitan.com/short-positions-on-cexs-hit-extreme-levels-marking-a-major-bottom-for-bitcoin/