In theory, a sharp rise in short positions during price consolidation is considered a sign the market is preparing for another round of sell-off.
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gheymat bitcoin, zcash, ethereum va saham america
The ETH/USD pair has been on a downward trend all this year, much like the other top coins including bitcoin, ripple, and litecoin. At the time of this writing, the pair has experienced a 78 percent drop from its all-time high above 1400-fiat – and still counting. The last 24 hours itself have confirmed the strong selling sentiment with a drastic fall of over 9.5 percent.
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