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BTC short leverageCoinGape
•Business
Business & Economics
71% Informative
Bitcoin price plunged to a 3-day low of $ 95,800 on Monday, Feb. 17 , despite prominent altcoins advancing.
Bitcoin short leverage positions have exceeded long positions by $120 million , raising concerns that market momentum may tilt bearish.
Bitcoin Dominance (BTC.D) has declined 3% in the last 10 days , signaling that investors are redirecting capital towards altcoins as BTC price stagnates.
The declining MACD line at -1,066.64 supports this outlook, hinting at further price erosion unless buyers regain control.
A countertrend bullish scenario could emerge if Bitcoin stages a rebound above the 50-day SMA .
A strong recovery would need to clear resistance at $ 98,800 to negate further losses.
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