James Lavish: Bitcoin sentiment is near the lowest levels seen since the FTX collapse

James Lavish: Bitcoin sentiment is near the lowest levels seen since the FTX collapse
Bitcoin sentiment compared to FTX days

James Lavish described current sentiment around Bitcoin as extremely negative, comparing it to the mood during the FTX collapse and stating it feels even worse than during the COVID-related downturn. Despite this, Lavish observed that Bitcoin remains just above $70,000.

Lavish has previously remarked that markets tend to prioritize short-term price action rather than long-term conviction, especially during periods of rapid change, as noted in recent commentary. He also reported that cumulative levered short positions on Bitcoin have surpassed $10 billion up to a price level of $83,000, according to market data. These observations illustrate ongoing attention to both sentiment shifts and leveraged trading activity.

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