Bitcoin Broke Down — but $1.17 Billion in Shorts Above Price Says Bear Trap

Bitcoin (BTC) price fell about 5% over the past week as a sliding Nasdaq dragged risk assets lower, and any bullish Bitcoin price prediction now depends on whether cooling US demand can recover. The drop pushed BTC into a confirmed bearish chart pattern. Yet a lopsided derivatives setup and thin selling volume suggest the breakdown The post Bitcoin Broke Down — but $1.17 Billion in Shorts Above Price Says Bear Trap appeared first on BeInCrypto.