Short #positions in #bitcoin are accumulating as its price rises above $30K.

_The world's largest #cryptocurrency Bitcoin (BTC) continues its strong rally and rises another 2.24% above $30,000 levels. However, derivatives data shows that short positions in Bitcoin are accumulating again. Short positions on BTC above $30,000 explains Ali Martinez, a famous cryptocurrency market analyst. With Bitcoin reaching around $30,000, about 60% of all Binance accounts holding open positions in USD BTC futures are taking short positions! The analyst also expects an imminent correction in the cryptocurrency price based on the technical chart setup. #Martinez said there is a growing discussion about the possible development of a head and shoulders pattern in Bitcoin's daily chart.

$BTC

#follow To see more news and details about digital currencies 💵⬇️🚀