Bears are in control of Bitcoin for now, but their fresh $2.6 billion in short positioning could provide fuel for the next upward squeeze.

BTC hits a multi-week low as liquidations cross $1.35 billion. While some blame Strategy BTC sale others point to a summer liquidity slowdown.

Over $1.84 billion in crypto positions were liquidated in 24 hours, with Bitcoin longs accounting for $883M as geopolitical tensions and ETF outflows