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Short sellers in the cryptocurrency industry have faced losses exceeding $6 billion this year, primarily due to Bitcoin’s (BTC) remarkable rally since the start of January. A Dec. 5 report by S3 Partners reveals that traders who took short positions…
Bitcoin short traders are seeing massive liquidation as the underlying asset continues its relentless parabolic advance. Meanwhile, analysts predict even higher returns for BTC in 2019 as the general market sentiment remains firmly bullish. Short Squeeze Amid Parabolic Advance Tweeting…