Analysis: Bitcoin Short Positions Surge, Market Prepares for Major Volatility

BlockBeats News, April 29th, despite the recent rise in Bitcoin, investors are increasing their bets on its price falling. According to CEX.IO data, the short sellers in April paid an interest rate of about 11% to maintain their short positions, which once rose to 19%, reaching the highest level since early 2023. At the same time, Bitcoin is undergoing one of the largest accumulation phases in history.

The simultaneous rise of strong buying pressure and short selling indicates that the market may experience significant price volatility, with one side potentially being "squeezed" or facing a short squeeze. Currently, Bitcoin is down 1.6%, trading at $75,754.