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Bitcoin Shorts Reach Most Extreme Level Since 2024 Bottom

Published on February 14, 2026

Categories: Market Analysis Price Action Trading Bitcoin

Bitcoin (BTC) is attempting to break out towards $70,000, currently trading at $69,815 and facing resistance at $70,610. Despite efforts to recover recent losses, the short-term outlook remains uncertain due to mixed on-chain and derivatives signals, with market participants closely monitoring this key psychological level amidst extreme short positions.

Bitcoin price is attempting another breakout toward $70,000 after weeks of choppy consolidation. BTC trades at $69,815 at publication, sitting just below the $70,610 resistance level. The largest cryptocurrency is trying to recover recent losses, yet mixed on-chain and derivatives signals present an uncertain short-term outlook. Market participants are closely watching this psychological threshold.

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A digital illustration of Bitcoin's price chart with a large red 'short' arrow pointing down, contrasting with an upward breakout attempt. The chart shows a significant resistance level near $70,000. Incorporate elements of uncertainty and market tension, symbolizing extreme short positions.