Posted 1/9/2024, 6:40:00 AM
Bitcoin Short Sellers Lose Over $100 Million as Bitcoin Price Rises 9%
- Traders betting against bitcoin prices lost over $100M as bitcoin rose 9% to over $47,000
- OKX traders took the biggest losses at $84M, followed by Binance at $71M
- Open interest jumped 8%, suggesting traders opened more bets expecting continued volatility
- Bitcoin price moves came as BlackRock, Grayscale, and others filed final ETF approval steps
- 13 proposed bitcoin ETFs await SEC decision expected Wednesday, some with no fees for 6 months