Why is Bitcoin (BTC) Down Today? Price Retreats from $60k as Short Positions Surge

Blockonomi

Why is Bitcoin (BTC) Down Today? Price Retreats from $60k as Short Positions Surge

oints from the articles in a bullet list: Bitcoin price has declined from the $60,000 resistance zone, currently trading around $58,500 Short positions on Bitcoin have surged across multiple exchanges, with 24-hour short volumes up 118% to over $18.30 billion The US government moved $600 million worth of seized Bitcoin to a Coinbase wallet, sparking [...] The post Why is Bitcoin (BTC) Down Today? Price Retreats from $60k as Short Positions Surge appeared first on Blockonomi.