The amount of short positions on the Ethereum reached a new high. Will there be a fall?
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No One believes in the growth of Ethereum for the past three days, opened new short positions in the amount of $ 22 million. Now the bears won an absolute advantage, the total amount of all the shorts exceeded 210 000 ETH. About it writes .
theWhen will drop Ethereum
We will Remind, on Wednesday, bitcoin collapsed dramatically. That day the short position on the Ethereum have grown by 60 000 ETH. Over the past two days bears have again increased the cost of their shorts 60 000 ETH. At the same time, the number of long positions is reduced, their amount fell from 330 000 to 257 000 ETH.
In the auction Bitcoin not is almost nothing interesting. The number of long positions has not changed for quite a long time. But the amount of open short positions came close to its record value — 9000 bitcoins.
The upward Trend in the number of shorts usually ends with a massive liquidation of bears and sharp price movement upwards. However, it happens not always — this week, such a scenario is a sharp collapse of Bitcoin.
In any case, all open short positions sooner or later you need to close. One of the key support levels the price of Ethereum just crawl up. Given the degree of altcoins and Bitcoin, the beginning of a new bullrun will depend on the main cryptocurrency. Without a strong momentum for Bitcoins do not rely on the growth of the remaining coins.
Hoplite ETH and VTS or already sold? Share your tactics .
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