Bets On Bitcoin Price Decline Hit 6-Week High
CoinDesk
Published Dec 06, 2018 15:45
Updated Dec 06, 2018 16:15
The pessimistic sentiment around bitcoin prices saw the number of shorts hit a six-week high on Thursday.
The BTC/USD short positions on the cryptocurrency exchange Bitfinex jumped to 37,891 – the highest level since Oct. 15 – and were last seen at 36,996. Notably, shorts have risen by 95 percent in the last three weeks, accompanying BTC's recent drop to 14-month lows near $3,500.
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Written By: CoinDesk
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