Moreover, in the circle of Bitcoin, a large proportion of short positions like this have not been seen for a long time. From 2 am on the 29th, 800 million yuan of domestic 19 super retail investors went up in smoke in this 15 minute, and a large proportion of multi-position bitcoin contracts with leverage ratio of 10 and 20 times were short positions. This situation is still relatively rare in recent years. Investors can be said to have suffered heavy losses this time. 19 super retail investors lost nearly 800 million yuan, and this 800 million yuan does not include the losses caused by opening positions.
Moreover, as we all know, because the futures contract of Bitcoin is based on the number of coins held by Bitcoin, if investors are attacked by short-term contracts in trading, the price of Bitcoin will fall and investors will be beaten around.
Moreover, according to the appraisal of relevant experts, there will be no winner after sharing the loss, which means that shorting Bitcoin this time is a loss for those who own Bitcoin, and no one can benefit from it.