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
BTC1.28%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments