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According to ChainCatcher, Coindesk analyst Oliver Knight stated that although Bitcoin's trading price has surpassed $110,000 and is approaching its all-time high, traders are still exhibiting bearish sentiment. The long-short ratio has dropped significantly, falling from 1.223 (bullish dominance) to 0.858 (bearish dominance). Data shows that short open interest has risen from $32 billion to $35 billion, indicating an increase in capital flowing into bearish positions and reflecting a lack of confidence in Bitcoin's continued rally. Currently, Bitcoin remains volatile within the $100,000 to $110,000 range. Technical indicators such as the RSI are showing bearish divergence, and traders are employing short-term strategies to arbitrage within this range. With the increase in short positions, there is also a potential bullish scenario in the market: a short squeeze. If Bitcoin breaks through its all-time high, triggering forced liquidations and stop-loss levels for shorts, it could rapidly drive up buying pressure and push the price even higher.

Odaily Planet Daily News: According to on-chain analyst Ai Yi, the "insider trader" was forced to close out 1,111.70 ETH and 37.96 BTC positions 50 minutes ago, incurring a loss of $330,000. The cumulative loss over the past month has now increased to $15.645 million. The current positions held by this whale are as follows:BTC 40x short: holding 151.84 BTC, valued at $16.68 million, with an entry price of $106,697.3;ETH 25x short: holding 4,446.81 ETH, valued at $11.56 million, with an entry price of $2,452.03.