Bitcoin's price has been stuck in a narrow range around $77,000 for several days, sparking speculation among traders about the potential for a breakout.
Market analysts are warning that this volatility could lead to a significant price swing, with some predicting a 5%+ move in the near term. However, they also caution against piling into bearish bets while price action remains structurally constructive.
Liquidity metrics indicate that short positions have been bearing the brunt of losses in the broader crypto space over the past 24 hours, underscoring a stubborn bid in the spot market and potential vulnerability for bearish bets when leverage remains elevated.