Bitcoinist
2020-11-02 02:13:58

More Traders Fear That Bitcoin Top Is In After Failed $14k Breakout

Bitcoin’s recent price action has shocked most investors. Prior to this move higher and even during this move higher, there were a large number of investors that were short Bitcoin via futures contracts. This was made clear by the negative funding rates posted by Bitcoin futures markets, which suggested the existence of aggressive short sellers on the move up. This skepticism about BTC’s price action has persisted, even as $13,500 holds and the market steadies. […]

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