Bitcoin miners have recently locked in over $3.46 million in profits as Bitcoin’s price soared to $69,000. With this rally, only 2.26% of all Bitcoin addresses remain in the red, highlighting strong profitability across the network. Despite the upward momentum, 59.08% of traders on Binance with open Bitcoin futures positions are going short, indicating skepticism about the rally’s sustainability. 59.08% of all traders on #Binance with open #Bitcoin futures positions are going short! pic.twitter.com/mX1WsfgwRg — Ali (@ali_charts) October 28, 2024 On October 25, the Coinbase Premium Index slipped to -0.20, reflecting notable selling pressure among U.S. retail investors. However, a
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