Bitcoin short positions across centralized exchanges have surged to their most extreme levels

Short positions on centralized crypto exchanges have surged to their most aggressive levels since August 2024, when Bitcoin walked into a multi-month bottom of $55,000 before surging to its year high $106,000 just four months later. According to aggregated funding rate data compiled by Santiment Feed, market-wide positioning is currently leaning heavily towards the downside. […]