Bitcoin hits $108K, but retail traders go short – Will they regret it?

• Bitcoin climbed 1.46% to $ 108,000, but retail traders responded by increasing short positions across stock exchanges.
• If the shopping pressure was held, the retail shorts could face the disposal and push the BTC closer to the previous maximum.

Bitcoin [BTC] On June 25, he touched $ 108,000, shortly after the US Federal Financial Agency for Housing Financing cleaned BTC for mortgage installments.

Yet, under the rally, The retail sentiment has rotated Bear. Traders continued to sell an asset while traditional investors earned an ascending trend.

Ambrypto analysis shows that retailers could cause significant losses in the coming days.

Retail sales despite the price rally – why?

Over the last 24 hours, there was a sharp increase in short positions open by investors.

The retail long/short ratio, indicating whether retail preference or sale has fallen sharply and confirmed the growing short activity.

In fact, this means one of the steepest increase in the sales volume of the recently observed volume. The view of the thermal map showed dark red around BTCUSDT, revealing that the pressure intensifying fast clip is sold.

This is not all, the financing rate also reflected this bear sentiment.

Alphartal’s tweet emphasized

“Retail traders increasingly … And the agreed financing rate has changed negatively again.”

Sentiment crashes when BTC holds tight

The shift was not limited to one metric.

Members’ sentiment also dropped sharply. The ratio of sentiment to lever lever stores fell to almost 1 and indicated that speculators expected the disadvantage, although the BTC continued to hold over $ 107,000.

Interestingly, this decline began around 22 June, when BTC touched $ 102,400. Since then, the metrics have been separated from the price.

This divergence sets the soil for potential short disposal.

Institutional investors support bitcoin rally

While retail participants sell, institutional investors continue to accumulate asset because the tension influx.

In the last 24 hours, institutional investors – mainly via Bitcoin ETF – have been bought for Bitcoin worth $ 547.70 million, for Coinglass.

This shopping trend persisted throughout the week, with more than $ 1.48 billion, spent on purchases of bitcoins.

Such a large tide indicates the rotation of capital from traditional markets to crypto, probably in anticipation of the main price rally.

In addition, the market fund has also entered the positive area, which is used to assess the sentiment in Bitcoin investment products, such as gray in degrees.

Recently, it moved to a positive area with a reading of 0.17. This suggests that investment funds buy more BTC than before.

Historically, an increase in the bonus on the fund’s market was born in accordance with the Bitcoin Award rally, indicating a possible shift in ascending way.

If institutional purchase persists and BTC retains its current level, retail short retailers could face significant losses.

Alphractal noted,

“Bears threatened to be liquidated at any time.”

Due to the extent of the lever shorts, a sudden upward could cause a cascade.