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What does it mean for the current stock market short selling to dominate (What does it mean for shorts to have an absolute advantage)?

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What does it mean for the current stock market short selling to dominate? What

What does it mean for the current stock market short selling to dominate (What does it mean for shorts to have an absolute advantage)?

What does it mean for the current stock market short selling to dominate? What does it mean for shorts to have an absolute advantage?

According to OKEx, as of 18:00 Beijing time on August 23rd (GMT+8), the price of BTC was $9,260.50. In terms of trading volume: the open position of long contracts in BitMEX XBT perpetual contract reached about 600 million US dollars; Huobi Global actively bought 58,800 hands, with a total amount of more than $20 million; Coinbase Global’s total market value exceeded $25 billion within 24 hours of opening trading. (Data source: Okex)

What does it mean for shorts to have an absolute advantage?

After the Bitcoin price tested the resistance near 9000 last night and quickly rebounded, it is currently consolidating around 9100.

So why do we say shorts have an absolute advantage? From the perspective of technical analysis, if the market falls to the 9300 level, it indicates that the counterattack of the bulls is very weak; if it stabilizes at 9300, it means that the extent of the pullback is significant; and if it falls to the 8800 position, it cannot be determined whether the extent of the pullback is greater than the strength of the bulls’ counterattack.

For investors, it can be understood that when market sentiment fluctuates excessively, short sellers are often easier to be manipulated or suffer heavy losses. In such situations, investing is the best choice, so it is crucial to maintain a good mentality and profitability in this market.

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