Although the Bitcoin price attempted a breakout above $60,000 levels on Sunday, it faced a strong rejection with the immediate surge in the Bitcoin short positions. Currently, the BTC price is trading 1.7% down at $58,515 with a market cap of $1.115 trillion.
Bitcoin Short Positions on the Rise
As soon as the Bitcoin price rallied to $60,000, Bitcoin shorts became aggressive across multiple exchanges with the 24-hour short volumes surging 118% to more than $18.30 billion. HODL15Capital said that there was a major imbalance across different crypto exchanges including Deribit, Bitmex, Bitfinex, Kraken, and HTX.
Furthermore, the Twitter handle also suggested that heavily leveraged positions of 50x and 100x on crypto exchange Binance could soon face liquidation, hinting at a potential market shift.
My guess is all those 50x and 100x leveraged shorts on Binance will be wiped out soon We see you lads pic.twitter.com/MKuvUvGZJC
— HODL15Capital (@HODL15Capital) August 19, 2024
The broade
We współpracy z: https://coingape.com/bitcoin-shorts-skyrocket-on-multiple-exchanges-caution-ahead/
