MAROKO133 Update crypto: Bitcoin Shorts Reach Most Extreme Level Since 2024 Bottom Terbaru

📌 MAROKO133 Eksklusif crypto: Bitcoin Shorts Reach Most Extreme Level Since 2024 B

Bitcoin price is attempting another breakout toward $70,000 after weeks of choppy consolidation. BTC trades at $69,815 at publication, sitting just below the $70,610 resistance level. The largest cryptocurrency is trying to recover recent losses, yet mixed on-chain and derivatives signals present an uncertain short-term outlook.

Market participants are closely watching this psychological threshold. A sustained move above $70,000 could shift sentiment decisively. However, persistent bearish positioning suggests that volatility may intensify before a clear trend emerges.

Bitcoin Shorts Resemble The Past

Aggregated funding rate data across major crypto exchanges shows an extreme surge in short positioning. Current negative funding levels are the deepest since August 2024. That period ultimately marked a significant Bitcoin bottom.

In August 2024, traders crowded into downside bets as funding rates plunged. Instead of continuing lower, Bitcoin reversed sharply. The reversal triggered widespread short liquidations and fueled an approximately 83% rally over the following four months.

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Deeply negative funding rates signal heavy bearish positioning and widespread fear, uncertainty, and doubt (FUD). While this setup does not guarantee immediate upside, it creates a fragile structure. If price rises, forced short-covering could amplify volatility and accelerate upward momentum.

Bitcoin Towards Capitulation

The Net Unrealized Profit and Loss, or NUPL, indicator has returned to the Hope/Fear zone near 0.18. This reading shows that profit cushions among holders are thin. When NUPL enters this regime, market behavior tends to become reactive.

Historically, declines into this zone often preceded extended weakness. Panic selling typically intensifies before a durable bottom forms. Unless capitulation resets sentiment, Bitcoin may remain vulnerable to deeper pullbacks before stabilizing.

What Does The Short-Term Outlook Look Like?

Short-term technical cues suggest improving momentum. The Chaikin Money Flow, which measures capital inflows and outflows, is approaching the zero line. A confirmed move into positive territory would signal renewed demand for Bitcoin.

Simultaneously, the Moving Average Convergence Divergence indicator is nearing a bullish crossover. A confirmed crossover would indicate a shift from bearish to bullish momentum. However, early signals require validation through sustained price strength.

Even with improving indicators, broader sentiment remains cautious. Shorts are unlikely to close voluntarily under weak conditions. This dynamic increases the probability that a price-driven liquidation event becomes the catalyst for recovery.

BTC Price Needs a Strong Push

Bitcoin trades at $69,815 and remains capped below $70,610 resistance. The $70,000 level represents a critical psychological barrier. A decisive close above this threshold could trigger renewed bullish momentum and attract fresh capital inflows.

However, bearish pressure persists in derivatives markets. Continued dominance of short contracts could keep BTC below $70,000. A breakdown below $65,156 support may trigger long liquidations and intensify downside volatility.

If Bitcoin secures strong investor support and overcomes selling pressure above $70,000, upside targets emerge. A rally toward $73,499 could develop quickly.

Sustained strength may extend gains toward $76,685, invalidating the bearish thesis and confirming a broader recovery attempt.

The post Bitcoin Shorts Reach Most Extreme Level Since 2024 Bottom appeared first on BeInCrypto.

🔗 Sumber: www.beincrypto.com

📌 MAROKO133 Breaking crypto: Pompliano Says Cooling Inflation Tests Bitcoin Invest

Bitcoin holders may be entering a different phase of the market cycle as inflation eases, according to entrepreneur and investor Anthony Pompliano, who says the asset’s core thesis is now being challenged.

In an interview with Fox Business on Thursday, Pompliano argued that many investors first turned to Bitcoin during a period of rising prices and aggressive monetary expansion.

With inflation slowing, he said, the real question is whether participants still believe in Bitcoin’s long-term purpose.

Pompliano: Bitcoin’s Case Tested Without High Inflation

“I think the challenge for Bitcoin investors, can you hold an asset when there is not high inflation in your face on a day-to-day basis?” he said.

“Can you still believe in what Bitcoin’s value proposition is, which is that it’s a finite-supply asset. If they print money, Bitcoin is going higher.”

Government data shows inflation cooling modestly. The Consumer Price Index slowed to 2.4% in January from 2.7% a month earlier, according to the US Bureau of Labor Statistics.

Even so, Moody’s Analytics chief economist Mark Zandi recently told CNBC that the improvement appears stronger in statistics than in everyday costs faced by consumers.

Bitcoin has long been promoted as a hedge against currency debasement because its supply is capped at 21 million coins.

When central banks expand liquidity and weaken purchasing power, investors often move toward scarce assets, including Bitcoin and gold, both of which Pompliano described as durable long-term stores of value.

Market sentiment, however, has deteriorated. The Crypto Fear & Greed Index recently dropped to an “Extreme Fear” reading of 9, a level not seen since June 2022.

Bitcoin was trading near $68,850 at publication, down roughly 28% over the past month, according to CoinMarketCap.

Pompliano expects macroeconomic conditions to create turbulence before any sustained recovery.

He anticipates deflationary pressures in the short run, followed by policy responses such as rate cuts and renewed liquidity injections.

“We’re going get deflationary-type forces in the short term, people are going to ask to print money and to drop interest rates,” he said.

He described the dynamic as a “monetary slingshot,” where currency devaluation occurs while falling prices temporarily obscure its effects.

Over time, he argued, additional money creation would weaken the U.S. dollar and strengthen scarce assets.

Bitcoin Slides as US Jobs Revision Shakes Market Confidence

Bitcoin’s recent decline followed a sharp shift in economic expectations after US authorities revised last year’s employment data lower by nearly 900,000 jobs.

While January payrolls showed a modest gain of 130,000 positions, the large adjustment undermined confidence in earlier reports and unsettled financial markets.

Investors reacted less to the weak headline figure and more to the reliability of the data itself, as uncertainty tends to weigh heavily on risk assets.

The change quickly rippled across markets. US Treasury yields rose, with the 10-year moving from about 4.15% to 4.20%, while expectations for a March interest-rate cut dropped sharply from 22% to 9%.

Derivatives activity also intensified, with large traders increasing hedging positions against further downside.

Analysts noted that preliminary labor estimates, including statistical models used during economic transitions, may have overstated job creation in prior readings.

For Bitcoin, the bond market remains a key signal. Higher yields typically tighten liquidity conditions, making it harder for speculative assets to recover.

Although some traders believe prices could be nearing a bottom, current market behavior suggests hesitation.

The post Pompliano Says Cooling Inflation Tests Bitcoin Investors’ Conviction appeared first on Cryptonews.

🔗 Sumber: cryptonews.com