Bitcoin Short Positions Build Ahead of Potential Fed Rate Cut – Decrypt
In brief Roughly $3 billion in shorts risk liquidation if Bitcoin rises 3% to $96,250, while $3.52 billion in longs would be wiped out on a 4.54% drop to $89,209, per CoinGlass. Derivatives data show falling open interest and rising perpetual CVD, indicating short-covering rather than renewed bullish conviction. Order-book depth has turned negative since...
What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Angry
0
Sad
0
Wow
0
