$BTC Retail long positions have once again surged above 70%—then the price dropped another 10%.
This is the fourth consecutive time the same threshold has been reached, followed by a sharp sell-off.
$BTC $93K. $84K. $78K. $68K. Each time these levels become crowded with long positions, they fuel the next wave of liquidation-driven declines.
Pay attention to this divergence:
Prices keep printing lower highs, while retail long positions print higher lows.
$BTC Confidence is rising, but the structure is deteriorating.
More traders are going long in weaker market conditions, at worse levels, wit