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MARKET UPDATES Markets Update: BTC Shorts Approach Record Highs This Week Cryptocurrency markets have been consolidating after a few volatile spikes and subsequent dumps over the last few weeks. Now a lot of crypto-traders are uncertain what will happen next, but quite a lot of people are showing pessimism by betting against cryptocurrencies like BTC with short positions. At the moment, BTC/USD short positions on Bitfinex are slowly approaching the all-time high that took place this past April. Also read: Testing the Newly Transformed Non-Custodial Coinbase Wallet BTC/USD Shorts Stack Up Last April, BTC/USD short positions on Bitfinex reached a high of over 40,000 and now market shorts are climbing awfully close to that all-time high this August. At press time, there are 39,039 shorts on Bitfinex which means one of two things will happen — Either the price will drop downwards following suit with the bear’s predictions, or the bulls are playing a trick and the price will spike upwards very quickly in a very fast short-squeeze. People who are shorting BTC/USD believe and are betting the price will go down in the near future.

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On stage with Leslie Katz, a partner for Greeberg Traurig, speaking about cryptocurrency regulations in the United States!

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