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WebsCrypto—News—Bitcoin News—Analyst: Bitcoin’s Short-Term Rise Is an Illusion, a Large Number of Short Open Positions Remain
Bitcoin News

Analyst: Bitcoin’s Short-Term Rise Is an Illusion, a Large Number of Short Open Positions Remain

By WebsCryptoJuly 20, 2022
Analyst: Bitcoin’s Short-Term Rise Is an Illusion, a Large Number of Short Open Positions Remain
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Although the price of Bitcoin rose to above $23,000, many industry analysts believe that this short-term rise is an illusion, and the crypto market may head to a new low.

Crypto analyst Dylan LeClair revealed that there are still tens of thousands of BTC short open positions still in existence, especially the large number of new Bitcoin short positions opened between June 15th and July 15th, which means that despite the Bitcoin may see further gains in the short term, but it is still possible to reverse course and head lower again.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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