🛡️ $1.17 billion in shorts waiting on Bitcoin - bear trap or a reversal forming?
📅 06/24/2026 17:30 ICT | BTC: $62,476
Bitcoin has dropped about 5% over the past week as the Nasdaq plummeted, dragging risk assets down and pushing BTC into a bearish technical setup. However, there’s a whopping $1.17 billion in short orders looming above the current price, creating a potential "bear trap" - where a short-lived rally could force a wave of shorts to get liquidated, driving the price up rapidly. While demand from the U.S. needs to recover to confirm an upward trend, the stark imbalance between concentrated short positions and thin trading volume is making analysts cautious about a sudden squeeze.
What do you think, are the shorts holding a dagger or will BTC actually retest the bottom? 👇
#BTC #SOL #ETH #CryptoNews
📅 06/24/2026 17:30 ICT | BTC: $62,476
Bitcoin has dropped about 5% over the past week as the Nasdaq plummeted, dragging risk assets down and pushing BTC into a bearish technical setup. However, there’s a whopping $1.17 billion in short orders looming above the current price, creating a potential "bear trap" - where a short-lived rally could force a wave of shorts to get liquidated, driving the price up rapidly. While demand from the U.S. needs to recover to confirm an upward trend, the stark imbalance between concentrated short positions and thin trading volume is making analysts cautious about a sudden squeeze.
What do you think, are the shorts holding a dagger or will BTC actually retest the bottom? 👇
#BTC #SOL #ETH #CryptoNews