Bitcoin not out of the woods yet
cryptocurrencies, Bitcoin, Ripple, Ethernum, Dash, Monero and Litecoin is displayed on February 16, 2018 in Paris, France. Digital cryptocurrencies have seen unprecedented growth in 2017, despite remaining extremely volatile.
The notional sum of this bet was not sufficiently large to move tens of billions of dollar’s worth of bitcoin daily trading volume, but it was an indicator of the overall negative sentiment going into the weekend and its notorious thin liquidity.The latest CFTC Commitments of Traders report released on Sunday confirms that the retail traders in the big-short story ultimately lacked bearish conviction - the abnormally large retail short positions closed by Tuesday November 30.
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