Here is the amount of money that the sellers will lose on the open if Bitcoin reaches $ 110,000
BTC’s open attention is 3 months, indicating a strong speculation activity.
⚈ The sellers have already lost $ 2.17 billion, as Bitcoin exceeded a milestone worth $ 100,000.
Mark Bitcoin (BTC) is exposed to a sign of $ 100,000, psychologically decisive, a large number of short situations – especially if the leading digital currency continues to exceed $ 110,000.
In order to be more accurate, sellers lose over the outsiders about 1.19 billion dollars if the Bitcoin price reaches levels of more than $ 110,000, for each data recovery By Finbold on May 9 from the encrypted currency market analysis platform Coinglass.
Open sellers at risk because bitcoin possibilities of up to 110,000 dollars are high
The leading cryptocurrency was changing hands at $ 102,970 at the time of writing this report, after achieving 3.33 % unique on the daily chart.
Nowadays, the gathering appears to be continuing. Traders have intensified the opening of speculative situations, as Bitcoin’s open interest is 3 months, and may soon reaches a year (YTD).
In addition, the short sellers have already lost nearly $ 2.17 billion by climbing BTC above $ 100,000
With the decrease in the percentage of Bitcoin in a loss steadily while the number of BTC owners in a rise, all signs indicate one conclusion – that the height of digital assets exceeds $ 110,000 is now the matter of when, not if.
Distinctive image via Shutterstock
