According to AltcoinGordon, current market sentiment among traders engaging in short positions remains highly defensive, as reflected in his latest tweet comparing their mindset to that of a basketball team focused on strong defense. This analogy suggests a prevailing cautious approach, with traders anticipating potential downward movement in major cryptocurrencies such as BTC and ETH. For active traders, this signals increased volatility and the possibility for short-term trading opportunities, particularly in high-cap sectors. Source: AltcoinGordon on Twitter, June 23, 2025.

According to Skew Δ (@52kskew), Bitcoin (BTC) has faced significant downward pressure as short sellers have dominated market activity throughout US trading hours. This trend highlights increased bearish sentiment and elevated volatility, impacting both spot and derivatives markets. Traders should watch for potential liquidations and increased price swings, as continued short-side activity could intensify downside risks in the near term. Source: Skew Δ Twitter, June 19, 2025.

According to Crypto Rover (@rovercrc), once Bitcoin surpasses the $85,000 mark, it could trigger the largest short squeeze in history. This event would likely cause a rapid increase in Bitcoin's price as short sellers rush to cover their positions, potentially leading to significant market volatility.

According to The Kobeissi Letter, total US put option volume has reached its highest level on record, as reported by ZeroHedge. This indicates that short sellers are aggressively positioning themselves, potentially anticipating a market downturn.

According to Crypto Rover (@rovercrc), the $ETH short squeeze begins today, indicating potential upward price pressure as short sellers may be forced to cover their positions.