Will Bitcoin (BTC) Break Below $100,000 as Q2 Nears its End?

As geopolitical tensions intensify and investor sentiment deteriorates, bearish pressure has continued spreading across Bitcoin’s spot and derivatives markets.   The uncertainty surrounding global macroeconomic stability has led many market participants to take a risk-off approach, with the coin showing signs of vulnerability as the second quarter draws to a close. Bitcoin Futures Turn Bearish With the coin struggling to rally momentum around the $103,000 price mark, Bitcoin futures traders have increasingly positioned against the coin.   According to Coinglass, the coin’s long/short ratio — a key measure of trader sentiment — has tilted heavily toward shorts since June 17, indicating a growing belief that BTC’s recent rally may be losing momentum source: https://beincrypto.com/futures-traders-bet-against-bitcoin-price/