What are BTC shorts?

In a nutshell, Long and Short reflect whether a trader believes a cryptocurrency is going to rise or fall in value . If you go Long then it is equivalent to buying the cryptocurrency or opening a long position on the other hand going short is equivalent to selling the crypto.9 Ağu 2021

What does shorting Bitcoin or Crypto mean? The concept behind shorting is to buy Bitcoin or any other crypto at a high price and then buy it back at a lower price . Usually, most traders prefer buying crypto at a lower price and selling it at a higher price. But when it comes to short, you just need to do the opposite.

Short interest is the volume of Grayscale Bitcoin Trust (BTC) shares that have been sold short but have not yet been closed out or covered . As of January 31st, traders have sold 3,348,600 shares of GBTC short.