73.88% are shorting, but the price surged by 336%.
This is today’s reality for BTR.
When more than three-quarters of contract positions are betting on a drop, yet the price more than triples in a single day—there’s usually only one explanation: a large number of shorts are forced to close. Their buy-to-cover pushes the price up further, and the rising price forces even more shorts to liquidate, repeating the cycle.
From the candlestick chart, it fell as low as 0.0328 and climbed to as high as 0.1493. Today’s price has essentially marched higher from the low point, forcing shorts to pay the tuition all the way up.
Open interest is still at 317 million, and the funding rate is positive at 0.0998%. This indicates that although the longs won this round, the premium isn’t extremely excessive—the positioning hasn’t gotten completely out of control.
The most recent three hourly candlesticks are all bullish, so short-term momentum is still there. But note: the figure of shorts making up 73% hasn’t changed. The market still contains a lot of positions that “believe it should drop.”
Once the price stops pushing higher, those shorts won’t need to keep closing anymore, and the buy-side demand will disappear very quickly.
So this isn’t a “steady” market—it’s a squeeze.
Beautiful, yes—but fragile, absolutely.
$BTR #空头被逼 #long-short ratio 2676
Click the small card below to quickly check the行情👇
This is today’s reality for BTR.
When more than three-quarters of contract positions are betting on a drop, yet the price more than triples in a single day—there’s usually only one explanation: a large number of shorts are forced to close. Their buy-to-cover pushes the price up further, and the rising price forces even more shorts to liquidate, repeating the cycle.
From the candlestick chart, it fell as low as 0.0328 and climbed to as high as 0.1493. Today’s price has essentially marched higher from the low point, forcing shorts to pay the tuition all the way up.
Open interest is still at 317 million, and the funding rate is positive at 0.0998%. This indicates that although the longs won this round, the premium isn’t extremely excessive—the positioning hasn’t gotten completely out of control.
The most recent three hourly candlesticks are all bullish, so short-term momentum is still there. But note: the figure of shorts making up 73% hasn’t changed. The market still contains a lot of positions that “believe it should drop.”
Once the price stops pushing higher, those shorts won’t need to keep closing anymore, and the buy-side demand will disappear very quickly.
So this isn’t a “steady” market—it’s a squeeze.
Beautiful, yes—but fragile, absolutely.
$BTR #空头被逼 #long-short ratio 2676
Click the small card below to quickly check the行情👇
