Data fails to conclude that Bitfinex shorts are depressing Bitcoin price

Data fails to conclude that Bitfinex shorts are depressing Bitcoin price

One of the most common errors traders make when analyzing cryptocurrency markets is taking an exchanges’ bid and ask data and traded volumes at face value. When doing this type of analysis, the trader has to exclude the trading venues mentioned on multiple ‘fake trading volumes’ reports, like the one Bitwise published in March 2019.There’s really no way to know if the top exchanges inflate their volumes by granting special access and zero fees for

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Bad call? Bitfinex bears closed a block of Bitcoin shorts before the drop below $32K

Bad call? Bitfinex bears closed a block of Bitcoin shorts before the drop below $32K

Bitcoin price is still in a rut, trading near $33,000 and trapped in a downtrend that just seems to get worse with the passing of each day. As the price slumps, analysts have consulted with several technical and on-chain metrics to explain the price collapse, but none of these have picked up on the exact reason. One area of interest has been the sharp rise in short positions at Bitfinex in the past week. Traders are

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