According to data provided by crypto analyst Ali Martinez, 58.39% of traders on Binance are shorting Bitcoin.

The last chart of long to short positions shows a noticeable disparity, with long positions accounting for only 41.61%, so short positions dominate.

The ratio of long to short positions fell to 0.71.

This trend is usually accompanied by bearish sentiment and indicates that cryptocurrency traders expect the price of the leading cryptocurrency to fall. Historically, periods of increased short-selling activity can also lead to significant volatility. If prices unexpectedly rise, a short squeeze may occur.

Despite MicroStrategy Chairman Michael Saylor advocating for never selling Bitcoin, it appears that many BTC investors are ready to take profits once the $100,000 level is reached.

Crypto analyst Marcus Brownlee predicts that after Bitcoin reaches the coveted $100,000, a massive sell-off will follow as investors rush to cash out profits. This is also indicated by data from the Bitcoinity platform - more than 2,400 BTC have accumulated at the $100,000 level, and sell orders are growing towards $107,000.