Most shorted perpetuals by top traders on #Binance Futures at the moment:
$XTZ
$EOS
$ADA
$SUSHI
$YFI
$SXP
More data and historical charts at:
https://t.co/hPu5ii14sE
A large position was accumulated before the flash crash of Binance's $DOT coin-margined perpetual, according to open interest data.
DOTUSD_PERP fell fell as low as $0.25.
https://t.co/OoqjvRzPYs
#Polkadot#Binance
1/ Coin-margined $BTC perpetual open interest are useful for tracking short selling activity.
Why do short sellers prefer to short using coin-margined perp (also known as inverse perp to Bitmex users)?
#Bitcoin
https://t.co/CgqlPWFifL
#Binance's BTC coin-margin perp is showing signs of rising OI as price pulls back.
An interesting metric to keep a look out for.
#Bitcoin $BTC
https://t.co/CgqlPWFifL
1/ Coin-margined $BTC perpetual open interest are useful for tracking short selling activity.
Why do short sellers prefer to short using coin-margined perp (also known as inverse perp to Bitmex users)?
#Bitcoin
https://t.co/CgqlPWFifL
1/ Coin-margined $BTC perpetual open interest are useful for tracking short selling activity.
Why do short sellers prefer to short using coin-margined perp (also known as inverse perp to Bitmex users)?
#Bitcoin
https://t.co/CgqlPWFifL
@twocommapauper Longing a coin-margin contract is disadvantageous whether price goes up or down. When price goes up, you make less profits than you would on a USD-margin contract. When price goes down, you lose more.
This is a big reason why Bitmex is not as popular as it used to be.
1/ Coin-margined $BTC perpetual open interest are useful for tracking short selling activity.
Why do short sellers prefer to short using coin-margined perp (also known as inverse perp to Bitmex users)?
#Bitcoin
https://t.co/CgqlPWFifL