66% of people are shorting—yet the price has already surged by nearly 3x.
Today, BTR is up 175%: it climbed from its low of 0.032 all the way to 0.102. This isn’t minor fluctuation—this is a full-on, violent rally.
Looking at the candlestick chart is even more straightforward: 8 candles rose from start to finish. With each candle, the trading volume increased. At the peak, a single candle saw over 1 billion units traded, which suggests this wasn’t driven by retail traders—there’s been continuous buying behind it, passing the baton.
But in the futures market, 66.7% of participants still have short positions open.
Now here’s what’s interesting: with the price this high, the shorts haven’t just failed to close—their positions are still being added. Either they’re waiting for a big pullback to get out of their positions, or they believe this rally can’t hold.
The funding rate is nearly zero (0.004%), meaning the market hasn’t reached a consensus on who should pay whom—so disagreement is significant.
High-leverage shorts + the price still sitting at high levels = shorts could be forced to liquidate at any moment (i.e., “bulls squeezing shorts”).
Of course, on the flip side, if the buying pressure disappears, the concentrated short positions below could also become a source of downside pressure.
This isn’t an invitation to chase after price. It’s just that this structure is quite rare—and worth keeping a close eye on.
$BTR #多逼空 #175%暴涨
Click the small card below to quickly check the行情👇
Today, BTR is up 175%: it climbed from its low of 0.032 all the way to 0.102. This isn’t minor fluctuation—this is a full-on, violent rally.
Looking at the candlestick chart is even more straightforward: 8 candles rose from start to finish. With each candle, the trading volume increased. At the peak, a single candle saw over 1 billion units traded, which suggests this wasn’t driven by retail traders—there’s been continuous buying behind it, passing the baton.
But in the futures market, 66.7% of participants still have short positions open.
Now here’s what’s interesting: with the price this high, the shorts haven’t just failed to close—their positions are still being added. Either they’re waiting for a big pullback to get out of their positions, or they believe this rally can’t hold.
The funding rate is nearly zero (0.004%), meaning the market hasn’t reached a consensus on who should pay whom—so disagreement is significant.
High-leverage shorts + the price still sitting at high levels = shorts could be forced to liquidate at any moment (i.e., “bulls squeezing shorts”).
Of course, on the flip side, if the buying pressure disappears, the concentrated short positions below could also become a source of downside pressure.
This isn’t an invitation to chase after price. It’s just that this structure is quite rare—and worth keeping a close eye on.
$BTR #多逼空 #175%暴涨
Click the small card below to quickly check the行情👇
