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Derivatives Market Signals Selling Pressure as Bitcoin Hovers Near $100,000

  • The derivatives market is causing selling pressure as Bitcoin hovers near $100,000, according to market analyst Darkfost.
  • Short positions have outweighed long positions leading to significant selling pressure and slowing down Bitcoin's upward momentum.
  • Traders are increasingly skeptical about Bitcoin's ability to reach a new all-time high in the short term due to the imbalance between shorts and longs.
  • Historically, such imbalances could lead to short squeezes and if Bitcoin breaks key resistance levels, it may surprise bearish traders as seen in past bull cycles.

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