🐻 Bitcoin Alert: Perps Short, Spot Demand Fades

The signals are lining up: leveraged traders are betting against $BTC with short positions in the perpetual futures market. More crucially, buying pressure in the spot market is falling.

This combination—rising short interest and waning spot demand—is a classic bearish divergence. It suggests a lack of underlying conviction to support a move higher. Without a surge in spot buying or a short squeeze to force a reversal, this setup indicates increased risk of further downside.

Traders should watch for a shift in spot market flows for the first sign of a change in trend. #bitcoin #BTC #crypto #trading #bearish $BTC

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