Close Menu
    X (Twitter)
    Blockchain Journal
    • News
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • NFT
      • DeFi News
      • Polkadot News
      • Chainlink News
      • Ripple News
      • Cardano News
      • EOS News
      • Litecoin News
      • Monero News
      • Stellar News
      • Tron News
      • Press Releases
      • Opinion
      • Sponsored
    • Price Analisys
    • Learn Crypto
    • Contact
    • bandera
    X (Twitter)
    Blockchain Journal
    Home » The number of short positions on Bitcoin updated the six-week maximum of

    The number of short positions on Bitcoin updated the six-week maximum of

    0
    By BlockchainJournal on December 6, 2018 News
    Share
    Facebook Twitter LinkedIn Pinterest Email

    On Thursday, December 6, the number of short positions on Bitcoin on the popular Hong Kong exchange Bitfinex updated the six-week maximum, reaching 37,891 , reports CoinDesk .

    The last time the figure reached such high values ​​on October 15 at around 36,996. Note that over the past three weeks the number of shorts has increased by 95%.

    At the same time, the number of short positions did not fall below 35 thousand, even when the price of Bitcoin tried to get out of the deep oversold zone, showing an increase from $ 3,500 to $ 4,400.

    At the moment, says analyst Omkar Godboul, the ratio of long and short positions indicates an overwhelming dominance of bears.

    According to him, given the current situation, the price of Bitcoin may soon test the mark of $ 3,474. However, Godboul added, if the number of shorts updates the historical maximum (40,289), then the sellers' strength may be depleted.

    As of 16:50 UTC, Bitcoin is trading at around $ 3,650, and the decline over the last 24 hours was slightly more than 4%.

    Bitstamp data

    Recall that in November 2018, the price of Bitcoin showed the worst dynamics over the past seven years.

    Follow BlockchainJournal on Twitter !

    << aside id = "unisender_subscribe_form-10" class = "widget unisender_form">

    BlockchainJournal.news

    Bitcoin Bitfinex Fall Featured Twitter
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    BlockchainJournal

    Related Posts

    XRP and SOL futures interest explodes reaching historic record on CME

    October 29, 20253 Mins Read

    Crypto reporting in Norway skyrockets 30%, surpassing $3.9 billion in declarations

    October 29, 20252 Mins Read

    Bitcoin and Ether Brace for $17 Billion Crypto Options Expiry Amid Fed Meeting

    October 29, 20252 Mins Read

    Coinbase surpasses $1 billion in U.S. Bitcoin loans using Defi strategy

    October 28, 20252 Mins Read

    $2 Trillion Japanese Giant TIS Launches Innovative Multi-Token Platform on Avalanche

    October 28, 20252 Mins Read

    Hedera (HBAR) Soars on Possible ETF; Bitcoin Remains Solid at $114,500

    October 28, 20252 Mins Read

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 Blockchain Journal

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.