Blockchain analysis platform Santiment, in its latest post, revealed that Bitcoin investors have aggressively opened BTC short positions on cryptocurrency exchange Deribit and Binance.
Where is the link to the news?
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.
Things the opposite of short position.
What do you think about this issue?
I do not believe in what those analysts are saying because as one analyst is saying uptrend, the other analyst will say downtrend. Haven't you noticed that?
Haven't you seen analyst wrong before? They are only analysts, they may be right or wrong.