Bitcoin short positions continued to pile up as BTC price dropped near $81,000, potentially providing the liquidation fuel for a revenge rally back above $90,000.
Technical charts tilt toward further downside for Bitcoin and altcoins if BTC’s critical $80,000 fails to hold. Does data suggest that bulls are buying the dips?
Bitcoin plunged to a nine-month low as geopolitical tensions, tariff threats, and tech earnings concerned traders, triggering billions of dollars worth of long liquidations.