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Bitcoin traders driving the price with aggressive shorting


BTC price is trading at around $27,000 at the time of drafting this article. It was highest in 2023 at $31k. There is a chance that it may again touch the highest mark, assuming traders look too aggressively. Simply put, their shorting adds to on-chain activities, which is often associated with...

Crypto Options Traders Are Still Shorting Bitcoin Volatility


"Given the absence of big news in August, selling volatility and taking a vacation for solid theta gains is the only thing I can do right now," one trader said. Crypto traders typically short volatility by selling or writing call/put options

Over $450M Shorts Liquidated in 24 Hours as Crypto Market Extends Rally


Traders betting against the crypto market have suffered more than $450 million in losses over the past 24 hours as major cryptocurrencies surged higher in one of the most impressive rallies in about a year.  According to data by CoinGlass, short traders suffered around $457 million across major...

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