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While spot buying is going crazy, short positions are surging
Despite Bitcoin's recent rebound, a large number of bears are increasing their bets that it will fall
CEX.IO data shows that in April, the interest paid by bearish traders to maintain their short positions was about 11%, once spiking to 19%, reaching the highest level since early 2023
At the same time, Bitcoin is experiencing one of the largest record-breaking accumulation waves of holdings
While spot buying is going crazy, short positions are surging, and bulls and bears are clashing head-on
A fierce volatility is likely to follow, and one side will definitely be severely tested by the market
Spot traders who are not afraid of losses won't get liquidated