Bitcoin traders aggressively shorting BTC on Deribit and Binance
The probable liquidation of excessive shorts might lead to a short squeeze, which occurs when many traders bet against a cryptocurrency asset and its price rises instead. This phenomenon has contributed to recent Bitcoin price increases.
Santiment stated that Bitcoin had gained about 4% since the spike in shorting began last week. It went on to say that this trend has a good possibility of continuing. was down 1.70% in the last 24 hours to $26,766 at the time of writing. The decline in cryptocurrency markets follows the latest Fed interest rate decision on Wednesday.The Fed kept interest rates constant but left the door open for further increases. Following that, the S&P 500 dropped to four-week lows.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin's Epic Price Surge Continues as $29,200 per BTC Becomes New TargetMillions of Bitcoin holders on alert as BTC price targets key resistance level
Read more »
Bitcoin analysis predicts 'spicy' BTC price into FOMC as $27K holdsBitcoin shows advance signs of volatility with BTC price holding $27,000.
Read more »
Bitcoin (BTC) Index Shifts First Time in Months, What Does It Mean?Bitcoin (BTC) index veers from greed to neutral as sentiment gets reboot
Read more »
Realistic Bitcoin (BTC) Price Prediction in the Current Cycle: AnalysisA realistic Bitcoin (BTC) price prediction based on historic data overlapped in an interesting chart.
Read more »
Bitcoin Bulls Missing in Action After Mt. Gox Delays BTC RepaymentsRumors of Mt. Gox mulling a delay have been doing the rounds and likely catalyzed the recent bitcoin price bounce.
Read more »
Trader Henrik Zeberg Shares New Target Price for Bitcoin (BTC) RallyTop trader and macro economist Henrik Zeberg, host of The Zeberg Report media platform, indicates potential 'blow-off' top target for BTC
Read more »