Which cryptocurrencies are most commonly shorted by traders?

3 answers

• Dec 17, 2021 · 3 years ago
  Sure! Traders often target popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) for short selling. These coins have high trading volumes and are widely recognized in the market, making them attractive options for shorting. Additionally, altcoins such as Litecoin (LTC), Bitcoin Cash (BCH), and EOS (EOS) are also commonly shorted by traders due to their significant market presence and liquidity. It's important to note that the specific cryptocurrencies targeted for short selling may vary depending on market conditions and individual trader strategies.
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• Dec 17, 2021 · 3 years ago
  Short sellers love to go after the big players in the cryptocurrency market. Bitcoin, Ethereum, and Ripple are some of the top choices for traders looking to profit from a decline in prices. These cryptocurrencies have large market caps and are heavily traded, making them prime targets for short selling. Other popular choices include Litecoin, Bitcoin Cash, and EOS. Keep in mind that short selling can be risky, so it's important to do your research and understand the market dynamics before diving in.
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• Dec 17, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I can tell you that short selling is a common practice among traders. While I can't speak for other exchanges, at BYDFi, we see a lot of short selling activity on cryptocurrencies like Bitcoin, Ethereum, and Ripple. These coins are highly liquid and have a strong market presence, making them attractive options for traders looking to profit from price declines. However, it's worth noting that short selling carries its own risks and should be approached with caution.
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