Bitcoin (BTC) traders are shorting the market, waiting for a new low for the main cryptocurrency. Data from Skew shows that in both the spot market and the cryptocurrency derivatives market, orders that anticipate a drop in BTC are the majority.
The company highlights that there is a key level at US$ 26,700 that indicates a bearish trend. If this support is broken, the data points to a possible fall towards the US$ 25,000 level again.