Author Topic: Bears batter Bitcoin market sentiment as Bitfinex margin shorts surge 378% (Read 953 times)

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

Altcoins Talks - Cryptocurrency Forum · « **on:** June 07, 2021, 04:05:46 PM »

This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here

News:

Author Topic: Bears batter Bitcoin market sentiment as Bitfinex margin shorts surge 378% (Read 953 times)

Churphans

Bears batter Bitcoin market sentiment as Bitfinex margin shorts surge 378%

Altcoins Talks - Cryptocurrency Forum

Bears batter Bitcoin market sentiment as Bitfinex margin shorts surge 378%