Bullish sentiment in the Bitcoin futures market remains strong, despite a slight pullback in position dominance compared to earlier this week, according to analyst Axel Adler Jr.
His analysis, drawn from CryptoQuant’s Futures Position Dominance v2.0, suggests that bearish traders have largely surrendered, paving the way for a potential push toward the $100,000 mark.
The chart highlights taker long buildup dominance (marked in green), which has surged throughout May 6–8. Despite a marginal cooldown in futures pressure, the sustained green momentum and aggressive long positioning indicate that bulls remain firmly in control.
“It’s not so important now — the bears have already surrendered,” Adler commented, pointing to the recent shift in dominance.
Key metrics show long build-ups outweighing short positions, with BTC price climbing past $99K.
The presence of short covering and minimal new short build-ups supports the idea that upside pressure may continue unopposed — unless met with unexpected macro resistance or liquidation events.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bitcoin-futures-signal-bullish-momentum-is-100000-next/