What Does a Bitcoin Short Mean (Bitcoin Short Position)

What does a Bitcoin short mean? According to official sources, what does a Bitcoin short position mean? From a technical analysis perspective, the current market has entered a period of volatility. Due to the large fluctuations in price (such as within an hour), in this situation, if there can be effective support or resistance levels, it will have a significant impact on the market. Therefore, long positions can be held appropriately, but one should beware of market losses caused by major capital bottom-fishing. In addition, when it comes to operations, some fundamental factors need to be taken into consideration.

Bitcoin Short Position

Editor’s note: This article is from CyBTC (ID: cybtc_com), authorized and reproduced by Odaily Star News.

As the price of Bitcoin reaches its historical high, investors’ interest in Bitcoin has also reached new heights.

Currently, the market is in a bullish state. However, for those who have a short position, this situation may be a bit too pessimistic. This is because Bitcoin has already experienced many downward trends. But in reality, as BTC continues to rise, we can see more and more users starting to hold Bitcoin. They believe that Bitcoin will continue to decline. So why do they do this? This is mainly driven by institutional and retail funds.

– U.S. Securities and Exchange Commission Chairman Gensler told CNBC, “I believe that once people see inflation slowing down and push it to a higher level, it may become crazy.”

– He also said, “If a similar situation occurs, it means that the cryptocurrency field will become healthier.” So, it is time to establish a stable and scalable market infrastructure. “If you are not sure how to assess the price trend of Bitcoin and whether you can use leveraged trading to close positions, then you are missing out.”

According to recent data, the largest global cryptocurrency fund managed by Grayscale Bitcoin Trust holds assets worth $456 million; followed by Coinbase, which increased by 25% compared to the previous day. The other two funds are Bakkt, Circle, and FTX, with assets worth $655 million and $585 million, respectively. The Bitcoin Foundation currently holds over $344 million in Bitcoin (about 2% of the total supply). Grayscale’s initiatives will obviously help increase the future value of Bitcoin. Bitcoin ETF has been approved by the New York State Department of Financial Services (NYDFS), allowing Bitcoin to be traded on exchanges for the first time since July 2017.