Bitcoin Moves Lower as Short Positions Continue to Stack Up27.37

Bitcoin’s current instability is shaking investors’ confidence in a potential relief rally, as the short positions against Bitcoin are climbing as long positions continue to drop. Bitcoin moved slightly lower on Tuesday morning, leading the majority of altcoins to also drop.

Currently, the overall cryptocurrency market is sitting at just over $107 billion, and one more major drop led by Bitcoin will likely bring it down to below the important psychological level of $100 billion, which has not been seen since July of 2017.

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