Bitcoin (BTC) Recently Crossed the $111,000 Mark and Set an All-Time Record High

Bitcoin (BTC) recently crossed the $111,000 mark and set an all-time record high. However, data from major exchanges shows that traders are increasingly cautious about the continuation of this price rally.

Jakarta, Pintu News – Bitcoin (BTC) recently crossed the $111,000 mark and set an all-time record high.

However, data from major exchanges shows that traders are becoming increasingly cautious about the continuation of this price rally.

According to data from CoinGlass, more than 53% of Bitcoin’s current trading positions are short positions, indicating that the majority of traders are expecting the price to go down. In comparison, only about 47.43% of positions are long or anticipating a price increase.

So, how will the Bitcoin price move today?

Bitcoin Price Drops 1.04% in 24 Hours

As of May 26, 2025, Bitcoin is trading at $109,373, which is equivalent to approximately IDR 1,773,045,490. The price reflects a 1.04% decline over the past 24 hours. During that period, BTC dipped to a low of IDR 1,764,448,828 and climbed as high as IDR 1,814,245,709.

According to data from CoinMarketCap, Bitcoin’s market capitalization is now around $2.17 trillion, with trading volume in the last 24 hours decreasing by 0.75% to $46.18 billion.

Read also: Dogecoin Remains Strong at $0.2254 — Is the Path to $1 Finally in Sight?

Most Traders Become Bearish Despite Bitcoin’s Record Highs

Reporting by BeInCrypto (5/25), this pattern is also observed on Binance, where short positions comprise 54.05% of the total open interest, while long positions represent 45.95%.

This trend of increasing short positions reflects the growing skepticism in the market, despite Bitcoin having just attained a record high price.

Furthermore, this shift in sentiment is emphasized by the latest move from one of the renowned crypto “whales,” James Wynn, who adjusted his optimistic outlook after incurring millions of dollars in losses.

Wynn previously held a highly leveraged long position of up to 40x, valued at about $1.25 billion. However, he exited the position after Bitcoin’s price dropped from $109,000 to around $107,107.

He closed his long position at a loss of $13.39 million, and the liquidation process took less than an hour on May 25.

Currently, Wynn has opened a short position of 3,523 BTC—worth approximately $377 million—with an entry price of $107,128. This new position has a liquidation threshold of $118,380.

Market Analysts View Wynn’s Shift in Strategy as an Indication of the Bitcoin Bull Cycle Saturated

According to market analysts, James Wynn’s change in strategy reflects broader signs of saturation in the current Bitcoin bull cycle.

Read also: These 4 Memecoins Could Outperform Bitcoin in This Bull Run—Don’t Miss Out on the Next Crypto Explosion!

According to blockchain analytics firm Alphractal, short-term holders (STHs) have begun distributing their coins. Historically, a decrease in supply from STH groups usually signifies that Bitcoin is approaching a local price peak.

The firm stated that the Realized Price for short-term holders is now at $94,500, which is deemed the last strong support level before potential losses.

In contrast, Long-Term Holders (LTHs) still displayed resilience, with their realized price increasing to $33,000—highlighting the widening behavioral gap between the two groups.

Alphractal noted that although Bitcoin also reached record highs in 2021 under similar conditions, the current cycle is showing signs of approaching saturation.

They added that several macro indicators, along with historical post-halving patterns, suggest the possibility of a market correction after October 2025.

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