What are longs and shorts in crypto?

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

Both longs and shorts are measured in BTC . On shorter timeframes (say below one week) longs and shorts are typically almost straight lines because they don’t fluctuate much and because of Y-axis scaling.

Longing Bitcoin (or simply bitcoin long) means buying Bitcoin with the expectation of the price of Bitcoin rising in the future . Essentially longing Bitcoin means buying Bitcoin at the current time to sell them at a higher price in the future. Example: You bought 1 Bitcoin at a price of $8,000.

You can open long and short positions on any cryptocurrency exchange that provides spot or derivatives trading services . Traders usually opt for well-established platforms such as Coinbase or Binance, among others.