How to Short Bitcoin
A whole lot of Bitcoin holders have made bank on the cryptocurrency's recent meteoric rise. But is it possible to make money from a falling Bitcoin price? Well, it is now! But let's start at the beginning, by defining terms. In trading, a bet that price will fall is called a "short." This is the opposite of a "long," which is buying something in the expectation of a future price rise. Probably a lot of people reading this are long cryptocurrency, or at least thinking of going long. The old joke for people who've bet the farm on a long position is that they're "long like John" (Holmes, the....
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Bitcoin’s short-term supply has started to reach historical lows, data shows. The cryptocurrency hasn’t seen such values since August 2015. Short-Term Bitcoin Supply Hits A Low Of Just 16.16% According to the latest Arcane Research report, BTC’s short-term supply is now the lowest it has been since August 2015. The “short-term” Bitcoin supply here refers […]
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On-chain data shows the Bitcoin short-term holder behavior has continued to display divergence from the price in recent weeks. Bitcoin Short-Term Holder SOPR Continues To Move Mostly Sideways As pointed out by an analyst in a CryptoQuant post, while the price has gone down recently, short-term holders have instead made more profits. The relevant indicator […]
Patrick Byrne and Overstock.com have prevailed over the digital dividend-doubting short sellers.