Large short positions opened in Bitcoin (BTC) on Deribit, the cryptocurrency derivatives exchange, and Binance, the world’s largest cryptocurrency exchange. It is estimated that this will result in an increase.
On-chain analytics platform Santiment shared on its Twitter account: in post,Bitcoin of traders aggressively lately short position by pointing out that possible liquidations will trigger the rise expressed. Santiment also said that the price increase in question for 30 thousand dollars He thinks he can raise it up to .
While Santiment stated that potential liquidations would lead to an increase in prices, the price of Bitcoin increased due to the short positions that increased last week. increased by 4% emphasized:
Bitcoin traders are aggressively shorting both Deribit and Binance. This strengthens the possibility that potential liquidations will increase the price. Bitcoin price has increased by 4% since short selling began to increase last week. There is a high probability that it will continue.
The increase in short positions is short squeeze (the upward movement that occurs when short positions that create market dominance are closed). will trigger the occurrence is considered. In this direction, a of the upward movement then repeatedly Liquidations will occur and the price will rise It is estimated.
Santiment recently said, Bitcoin And Ethereum (ETH) Referring to the remarkable inactivity of whales more than 100 thousand dollars He stated that he had transaction volume and his whales went into waiting mode.
