“The market was heavily leveraged short, and they've been wiped out. So I think it's the market expectation – they're very savvy to the cycles of bitcoin, and they position accordingly in those final months before the cycle turns from bull to bear and vice versa.”

Lucy Gazmararian · said 2026-08-21 · reported 2026-08-21

Lucy Gazmararian explained how short leverage liquidations and cycle awareness influence bitcoin positioning.