Bitcoin and altcoins caught in the storm: traders bet on the short game
On Friday, BTC held above $30,000, but on the background of aggressive sales on the stock market, it sharply gave up positions. The coin has been suffering serious losses for two days already.
According to Santiment, traders switched to playing short, with the number of short positions reaching a one-month high by the end of the week.
However, panic in the market always opens a window of opportunity! Buying on a fall is a favorite tactic of investors who are confident of a rebound soon.
According to CryptoQuant, the volume of cryptocurrency on exchanges rose slightly on June 10. After that - as one would expect - the fall became inevitable.
