Shorting Bitcoin ☠️
Bitcoin's rise above $30,000 led to over $145 million in short positions being liquidated in the last 24 hours. 87% of all futures trades that settled during this period were short positions.
The largest liquidation order, for $11 million, occurred at Huobi. Now, the exchange platform registered more than 45 million dollars in liquidations.
The increasing adoption of Bitcoin among investors is possibly due to worsening economic conditions around the world.
Thank you for sharing the news with me, my friend. The fact that so many traders were caught on the wrong side of the market is a testament to just how volatile and unpredictable Bitcoin can be.
Shorting Bitcoin can be a risky proposition, as there are often wild price swings that can result in massive losses for those who are not careful. However, these kinds of risks also create opportunities for savvy investors who are able to read market trends and adjust their positions accordingly.
Bitcoin's increasing adoption among investors
