Bitcoin is trading around $82,490, down 1.62% in 24 hours and 4.61% over the past week, with a market capitalization near $1.65 trillion. The U.S. Dollar Index (DXY) hit an 18-month high above 102.50, its highest level since April 2025, driven by the Fed’s hawkish monetary policy and rising oil prices weighing on European and Japanese currencies. Short positions in Bitcoin are aggressively increasing, with spot demand too weak to offset the selling pressure. Derivatives data shows 79% of liquidations over 24 hours hit long positions, totaling $43.22 million out of $54.76 million, revealing the struggle of leveraged buyers.
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