Bitcoin price set to rebound? BTC shorts on Bitfinex crash by 25% after record spikes
Cointelegraph
Published Jul 17, 2021 10:46AM ET
Updated Jul 17, 2021 09:00PM ET
Bitcoin (BTC) bears should watch out for a potential blow as the number of margined short positions on the Bitfinex exchange crashes by roughly 25%.
The dataset dropped to 11,066 BTC as of 12:20 GMT Saturday, compared to 14,897 BTC at the session's open. Meanwhile, the drop came as a part of a bigger downside move that started on July 15. On the day, the total number of margined short positions had reached 17,053 BTC.
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Written By: Cointelegraph
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