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Cryptocurrency Ecosystem => Crypto Exchanges => Bitfinex => Topic started by: Churphans on June 07, 2021, 04:05:46 PM

Title: Bears batter Bitcoin market sentiment as Bitfinex margin shorts surge 378%
Post by: Churphans on June 07, 2021, 04:05:46 PM

The latest rally in BTC shorts is similar to what appeared ahead of the Elon Musk-led May 19 market crash.Bitcoin (BTC) bulls should brace for a potential onslaught from bears as the number of margined short positions on Bitfinex jumps by a little over 378%
Known to most by the ticker BTCUSD Shorts, the dataset records the number of bearish positions in the Bitcoin market. In simple terms, traders borrow funds from Bitfinex — their broker — to trade bet on bearish outcomes for the instrument BTC/USD. Meanwhile, the value of opened short positions is measured in BTC.source (https://cryptonews.net/765563/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)