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Author Topic: Data fails to conclude that Bitfinex shorts are depressing Bitcoin price  (Read 1039 times)

Offline Tnoy30

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A significant surge in Bitfinex short contracts is being attributed to Bitcoin’s current downturn but there are other major factors at play. One of the most common errors traders make when analyzing cryptocurrency markets is taking an exchanges' bid and ask data and traded volumes at face value. When doing this type of analysis, the trader has to exclude the trading venues mentioned on multiple 'fake trading volumes' reports, like the one Bitwise published in March 2019.

There's really no way to know if the top exchanges inflate their volumes by granting special access and zero fees for market makers.
Source: Data fails to conclude that Bitfinex shorts are depressing Bitcoin price

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