The $110,000-$108,000 level has become critical in Bitcoin.

Bitcoin (BTC) price has been drawing investors' attention with its recent fluctuations. In particular, the 110,000-108,000 dollar support range has gained more importance due to the bears' attempts to break it three times. However, so far, these levels have not been successfully broken downwards.

CryptoQuant analyst Julio Moreno points out that short positions in the Bitcoin futures market have been increasing. It has been observed that the newly opened short positions intensified especially before the sharp decline that occurred last Friday. According to the data shared by Moreno, prices rapidly retreated from the 125,000 dollar level just before the drop, indicating a buildup of short positions.

This situation shows that trader behaviors in the markets have started to diverge. While long position holders are taking profits, a more aggressive opening is taking place on the short position side. Moreno notes that there is a critical support area that prevents Bitcoin's price from dropping below the 110,000 dollar level. This price range is being defended due to buying interest.

This dynamism in the Bitcoin futures market is also affecting investor behavior in the spot market, leading to significant changes. Analysts suggest that a breakdown of the 110,000-108,000 dollar range could raise the potential for a deeper correction. However, maintaining this level could support reactionary buying in the short term.

It is emphasized that investors need to carefully monitor these critical price levels and market dynamics. Bitcoin's current status will continue to be an important factor shaping investment decisions.