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Bitcoin unhedged shorts sit at one-year lows

Bitcoin unhedged shorts turned parabolic during the collapse of FTX and Luna as the result of bearish sentiment.

James Van Straten
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James Van Straten
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Quick Take

  • CryptoSlate recently analyzed Bitfinex whale movement cashing out 12,000 Bitcoin.
  • Taking a further deep dive into hedged and unhedged shorts  — they are currently sitting at one-year lows.
  • During the Luna and FTX collapse, unhedged shorts went parabolic due to the bearish sentiment at the time in the crypto ecosystem.
  • However, unhedged shorts remain at historical lows, indicating that investors don't want to bet against Bitcoin now due to its 70% year-to-date return.
Shorts: (Source: Datamish)
Shorts: (Source: Datamish)
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James Van Straten
James Van Straten
Former Lead Analyst CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

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