/biz/ - Business & Finance

Anonymous Mon Dec 12 14:11:43 2022 No.52832828 [View]
File: 239 KB, 1398x869, Screenshot_20221212_134906.png [View same] [iqdb] [saucenao] [google]

>>52832399
In a sea of red, BSV has been holding up well and going up over the past week. Ask yourself why.

My answer:
Shorters forced to buy back on bitfinex are propping the price up.
Also, since the short interest is so high overall, this creates a negative correlation with the rest of the crypto markets. As crypto goes down, a lot of shorter's collateral loses value, and some of them get margin called and forced to buy back bsv, propping the price up.
This was happening to GME as well, at the height of the short interest, it displayed a negative correlation with the overall market

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