Burning money: the growth of Bitcoin has led to the loss short positions at $ 180 million
Source:
Sunday for Bitcoin offer 7400 dollars. While signs of imminent collapse first cryptocurrency after its recent growth, like as not. At the same time from the high prices of digital assets to win not all — the growth of prices of coins has led to the loss of short positions on Bitcoin futures at $ 180 million. About it writes .
How not to go broke on investing in cryptocurrency
The Sellers of short positions belong to the category of traders that comes to the market when it falls. These players sell the borrowed coin in the market at the current rate, and when the token falls — it buys at a lower price and profit from the market decline.
The Sudden rise in Bitcoin has caught short sellers off-guard positions. As a result, traders have lost contracts for 180 million dollars, six of which were estimated at $ 10 million.
With one of the largest platforms for margin trading BitMex in the first 20 minutes after the first growth of the cryptocurrency took 30 sellers. This is a significant indicator for the platform given the fact that these players have been among the biggest traders.
We hope that your investment into the cryptocurrency will become more successful. Attempts to earn on short positions always entail great risk, and in a constantly changing market, he does grow.
About replacing bitcoin with gold and its future prospects read .
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