Retail Traders Pile On Shorts, Is This The Bitcoin Bottom?

Retail Traders Pile On Shorts, Is This The Bitcoin Bottom?


Bitcoin has recently fallen below a $32,000 critical hold point and in response, retail investors have taken this as an opportunity to make money from the falling bitcoin price. So far, retail investors have started loading up on shorts, an incredibly bearish metric for the market.

Retail investors load up on shorts | Source: Twitter

So many shorts placed in such a short period of time might show other investors that the price of the digital asset will fall eventually and thus, lead to panic selling. Although this is never always the case. The fact remains that no one exactly can pinpoint what will happen with the digital asset and as such, every short or long being placed now are mere bets. More akin to guesses than actual predictions.

Related Reading | I Stand By My $100,000 Bitcoin Price Target, Anthony Scaramucci

According to this Twitter post, retail investors have been consistently short squeezing the digital asset as the

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