Analysis: Bitcoin short positions surge, market prepares for significant volatility

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BlockBeats News, April 29 — Despite recent gains in Bitcoin, investors are increasing bets on its price decline. CEX.IO data shows that the interest rate paid by short sellers in April to maintain their short positions was about 11%, rising to 19% at one point, the highest level since early 2023. At the same time, Bitcoin is experiencing one of the largest accumulation phases in history.

Strong buying pressure and short bets are rising simultaneously, indicating that the market may experience significant price volatility, and one side could be “short squeezed” or face a counter-shock. Currently, Bitcoin is down 1.6%, trading at $75,754.

BTC1.62%
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