Bitcoin: Traders take short positions as dip below $27,000 looms
There has been an aggressive shorting of #BTC recently.
BTC has lost over 1% in value and dropped below the $27,000 price level.
Despite Bitcoin [BTC] reaching a price of $27,000, certain traders opted for a bearish stance. How well have they performed thus far, and what is the prevailing funding rate?
Bitcoin sees aggressive shorts
As per a report from Santiment, Bitcoin experienced significant bearish activity among traders on specific exchanges. The data chart revealed that traders were engaged in shorting of BTC on Deribit and Binance despite the price surging to the $27,000 range.
