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Large BTC short positions have emerged: approximately $8.01 million worth of Bitcoin has been shorted, with entry points at $95,303.88. From the trading data, market participants are positioning for shorts at high levels, reflecting a cautious attitude among some institutions regarding the subsequent market trend.
Interestingly, some believe that in this new era of market paradigm, bubbles are a thing of the past—corrections and traditional risks have been redefined. This view sounds bold, but it reflects a deep understanding among crypto market participants of the nature of price volatility. Whether optimistic or realistic, the market will provide the answer.