Despite Recently Reclaiming the $100000 Psychological Threshold, Bitcoin (BTC) Appears to Be Struggling to Maintain Upward Momentum

Despite recently reclaiming the $100,000 psychological threshold, Bitcoin (BTC) appears to be struggling to maintain upward momentum.

Bitcoin (BTC) has recently encountered resistance in reclaiming the $100,000 psychological threshold, despite showing strength above the key six-figure zone.

However, according to market analyst Darkfost, derivatives market signals suggest that a lack of follow-through above $100K is no surprise.

According to his analysis, shared on X (formerly Twitter), cumulative net taker volume has largely remained in negative territory since BTC crossed back above $100K.

This metric, often used to gauge the relative strength of buyers (longs) versus sellers (shorts), is calculated by summing the total taker volume for both buy and sell orders.

“In simple terms, short positions have outweighed long positions over the past few days. This creates significant selling pressure, which is slowing down Bitcoin’s ability to continue its upward momentum.”

As highlighted by Darkfost, as BTC has traded above six figures, the chart shows persistent negative net taker volume, which is an indication that many traders are betting against further upside, at least in the immediate term.

This imbalance between shorts and longs suggests skepticism about Bitcoin’s ability to reach a new all-time high (ATH) in the short term.

“It clearly reflects a growing sense of doubt among traders,” he noted, adding that markets usually punish the majority opinion — especially when it becomes too strong.

Historically, such imbalances can also lead to short squeezes, where rapid upward movement forces short sellers to cover their positions, accelerating price gains.

If BTC can manage to absorb current selling pressure and break key resistance levels, it could surprise bearish traders — an occurrence that has unfolded in past bull cycles.

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