There is an old saying on Wall Street: Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.LUNA, the native token of the smart contract blockchain Terra, has nearly doubled to record highs above $90 in December, extending a four-month winning trend and decoupling from the weak trend in other top coins.Such stellar rallies often … [Read more...] about Terra’s LUNA Notches New Record High Above $90 Even As ‘Shorts’ Keep Piling
Shorts
Bitcoin price set to rebound? BTC shorts on Bitfinex crash by 25% after record spikes
Bitcoin (BTC) bears should watch out for a potential blow as the number of margined short positions on the Bitfinex exchange crashes by roughly 25%.The dataset dropped to 11,066 BTC as of 12:20 GMT Saturday, compared to 14,897 BTC at the session's open. Meanwhile, the drop came as a part of a bigger downside move that started on July 15. On the day, the total number of margined … [Read more...] about Bitcoin price set to rebound? BTC shorts on Bitfinex crash by 25% after record spikes
Bitcoin price dips below crucial $33K support as Bitfinex shorts jump by over 5,000 BTC
Bitcoin (BTC) fell below $33,000 support on Thursday as a trusted trading range risked getting invalidated.BTC/USD 1-minute candle chart (Bitstamp). Source: TradingViewTrader: $31,000 retest next for BTCData from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping into the $32,000 range during trading on Thursday.The move followed an overnight retracement from … [Read more...] about Bitcoin price dips below crucial $33K support as Bitfinex shorts jump by over 5,000 BTC
Bad call? Bitfinex bears closed a block of Bitcoin shorts before the drop below $32K
Bitcoin price is still in a rut, trading near $33,000 and trapped in a downtrend that just seems to get worse with the passing of each day. As the price slumps, analysts have consulted with several technical and on-chain metrics to explain the price collapse, but none of these have picked up on the exact reason. One area of interest has been the sharp rise in short positions at … [Read more...] about Bad call? Bitfinex bears closed a block of Bitcoin shorts before the drop below $32K
Crypto Twitter says Bitcoin shorts are increasing, but data shows otherwise
Margin trading allows investors to borrow stablecoins or cryptocurrency to leverage their position and improve the expected return. For example, borrowing Tether (USDT) will allow one to buy Bitcoin (BTC), thus increasing their Bitcoin long position. Investors can also borrow BTC to margin trade a short position, thus betting on price downside. This is why some analysts monitor … [Read more...] about Crypto Twitter says Bitcoin shorts are increasing, but data shows otherwise