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RE: Over 20,000 BTC worth ~$55 Million Short Positions Opened On Bitfinex!

in #bitcoin7 years ago

I think it was a lot of people hedging their money into alt coins before the fork occurred. You'll notice that during that time period, altcoin prices were also experiencing significant growth which to me suggested that people were hedging their money into altcoins.

However at the same time I think it also in part caused by people sending BTC so they could acquire the free BCC, and dump it when trading was first opened post-fork.