Bitcoin Short Position Recorded Six-Week High

[ChainDD report] December 7 (ChainDD) The short position of Bitcoin (BTC) to US Dollar on the cryptocurrency exchange Bitfinex increased to 37,981, which is the largest short position since October 15,2018. During the past three weeks, as Bitcoin spot price declined to a fourteen-month lowest level of near $3500, its short position surged 95%.

CoinDesk noted that data indicated that sellers showed no sign of exhaustion in spite of Bitcoin furtherly sinking in bear market, so its price could re-test the recent low level: $3474.

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