Blockchain analysis platform Santiment, in its latest post, revealed that Bitcoin investors have aggressively opened BTC short positions on cryptocurrency exchange Deribit and Binance. In the scenario put forward by Santiment, it was presented that the BTC price could move towards the $ 30,000 gate after the possible increase in the current short balance sheets. Santiment analysts point out that Bitcoin's economic selling situation has weakened, and that such returns have frequently occurred in the past. So much so that the Bitcoin price has increased by up to 10% from last week's lows. However, while there is no selling pressure yet, Bitcoin returned to the $ 26,600 band with a decrease of over 1.5% today. After the Fed kept the interest rate constant yesterday, strong signals that the interest rate increase could be continued in the coming periods caused the outflow to be erased. This day supported the negative outlook by causing last week's bottom purchases in the $25,000 region to turn into profit selling. The current global uncertainty continues to price in as Bitcoin and cryptocurrency markets are generally incomplete and its sale remains suspended. However, if a possible increase in reverse positions in response to the increase in weight in short positions above Santiment triggers statements, a short-term persistence of the Bitcoin price may be observed.
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