The number of short positions taken for the ETH / USD pair rose to 208,689 after lunch the day we passed.
This sale made for the price of Ethereum has increased by 81.96 percent compared to the previous week and by 162 percent compared to the average of the previous month.
The number of short positions taken for the price of Ethereum, according to Bitfinex's data from the crypto money market, has reached its peak on Friday.
The number of short positions taken for the ETH / USD pair rose to 208,689 after lunch the day we passed.
This sale made for the price of Ethereum has increased by 81.96 percent compared to the previous week and by 162 percent compared to the average of the previous month.
The crypto money market experienced a serious decline in the days we passed, and Ethereum was among the most affected coins. If we think that the crypto money market has lost about 40 million dollars in volume in just one day, we can say that the decline is bigger.
Ethereum had a feather of about $ 287 three days ago but is currently sold at $ 221. Ethereum rose to the level of $ 1200 a few months ago, but lost about 80 percent compared to those levels.
When the sale of a certain asset is carried out in such a rapid manner, the situation called sale shortage (Nedir?) Can be encountered. If such a tightness is observed in Ethereum, it is quite possible that the price will increase rapidly.
When we look at the above chart, we see that there is a lot of open sales in June and July, but there is no shortage. However, we can say that the number of long positions in that period is also very low.
When we look at the graph, we can see that the short-long position market reminds especially of November and December.
Relative power index can be interpreted in favor of bulls, which may mean that an increase in ETH price is possible. Of course, it is very difficult to predict what will happen in the market.
If there is a short sale, the bulls will love it a lot, but it is also necessary to remind that nothing is guaranteed.
