Bitcoin has never been known for rewarding the obvious. As its price rises to over $105,000, many leveraged traders are taking a surprising position: they are betting heavily on its decline. Behind this seemingly rational behavior may lie a misunderstanding of the deep mechanisms of the crypto market — or worse, a repetition of past mistakes.
"." class="img img--ratio w-auto h-auto" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%200%200'%3E%3C/svg%3E" data-lazy-srcset="https://www.cointribune.com/app/uploads/2025/06/Black-Dollar-0.png 1200w, https://www.cointribune.com/app/uploads/2025/06/Black-Dollar-0-300x200.png 300w, https://www.cointribune.com/app/uploads/2025/06/Black-Dollar-0-1024x683.png 1024w, https://www.cointribune.com/app/uploads/2025/06/Black-Dollar-0-768x512.png 768w" data-lazy-sizes="(max-width: 300px) 100vw, 300px" data-lazy-src="https://www.cointribune.com/app/uploads/2025/06/Black-Dollar-0.png">















