Tag: shorts

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From ‘Big Short’ to Big Shift — Michael Burry Rotates Out of Bearish Bets Following Several Misfires

November 15, 2023

Michael Burry, famously known for his bold ‘Big Short’ wager against subprime mortgages in the early 2000s, has recently offloaded several substantial bearish positions following unsuccessful outcomes. As the founder of Scion Asset Management, Burry dissolved his put options on major indices and semiconductor stocks during the third quarter, as revealed by regulatory documents. These…
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Bitcoin futures open interest at 2023 high while BTC trading volume at yearly low — What gives?

August 12, 2023

BTC futures open interest is on the rise, but Bitcoin trading volume suggests that traders have shifted their attention to other markets. Bitcoin traders are currently not pleased with the recent price trends, especially due to the inability of the price to surpass the $30,500 mark over the last four weeks. This frustration is compounded…
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Will $30K be a new springboard for Bitcoin bulls?

June 27, 2023

Bitcoin margin and futures markets display strength as institutional appetite surges after multiple spot ETF requests. After a failed rally above $31,000 on June 23, Bitcoin (BTC) has sustained the $30,300 resistance for the past three days. Curiously, this happened while gold reached its lowest level in three months, trading at $1,910 on June 22,…
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Total crypto market cap closes in on $1T right as Bitcoin price moves toward $20K

January 14, 2023

Crypto traders chase after neutral-to-bullish options as Bitcoin price targets $20,000 and the total crypto market cap surges above $900 billion. The total cryptocurrency market capitalization reached its highest level in over two months on Jan. 13 after breaking above the $900 billion mark on Jan. 12. While the 15.5% year-to-date gain sounds promising, the…
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Bitcoin price rallies to $19K, but analyst says a $17.3K retest could happen next

January 12, 2023

Bitcoin price hit a year-to-date high near $19,000 as pro traders used leverage to propel the pump, but derivatives data hints at reasons for BTC price to retest $17,300. Bitcoin (BTC) price has gained 15% in the past 13 days, and during this timeframe, traders’ bearish bets in BTC futures were liquidated in excess of…
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Bitcoin margin long-to-short ratio at Bitfinex reach the highest level ever

September 13, 2022

A key Bitcoin price metric hit a new all-time high, but is this a bullish or bearish development? Sept. 12 will leave a mark that will probably stick for quite a while. Traders at the Bitfinex exchange vastly reduced their leveraged bearish Bitcoin (BTC) bets and the absence of demand for shorts could have been…
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Bitfinex Bitcoin longs hit a record-high, but does that mean BTC has bottomed?

June 6, 2022

A key derivatives metric used by margin traders has hit a record-high, but there’s plenty of risk and a catch to consider. Bitcoin (BTC) has been unable to close above $32,000 for the past 28 days, frustrating bulls and pushing the Fear and Greed index to bearish levels below 10. Even with June 6’s small…
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Ethereum price holds above $3K but network data suggests bulls may get trapped

February 9, 2022

ETH price just broke from a long-term descending channel, but on-chain data still points to a few bearish catalysts. When analyzing Ether’s (ETH) price chart, one could conclude that the 3-month long bearish trend has been broken for a few reasons. The current $3,100 price range represents a 43% recovery in 15 days and, more…
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