Bitcoin sentiment reaches lowest levels this cycle with most net negative positions, positioning for short squeeze on breakout above $67,000 as price holds $63,547.

Bitcoin briefly swept $60K with net short perp positioning dominating EU-US sessions; $60K break targets new lows while $62K offers relief.

According to Charles Edwards, all Capriole Charts crypto strategies are currently positioned in cash or net short. This move reflects a cautious trading approach, favoring liquidity and potential downside protection over immediate investment. Edwards emphasizes the importance of patience, suggesting that staying in cash may be less thrilling but can be advantageous in hindsight.