Bitcoin short positions at Bitfinex soared as BTC price dropped below $40,000, so why did the majority of them close before the largest part of the correction?
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BTC/USD$ 97,963.25 1.00%
ETH/USD$ 3,421.81 3.80%
USDT/USD$ 1.00 0.21%
SOL/USD$ 256.64 1.04%
BNB/USD$ 657.18 5.37%
XRP/USD$ 1.49 2.73%
DOGE/USD$ 0.428555 5.38%
USDC/USD$ 0.999897 0.11%
ADA/USD$ 1.06 7.78%
STETH/USD$ 3,419.96 3.77%
TRX/USD$ 0.213976 6.55%
AVAX/USD$ 42.02 6.18%
TON/USD$ 6.41 16.96%
SHIB/USD$ 0.000026 4.11%
XLM/USD$ 0.507125 55.69%
WSTETH/USD$ 4,052.04 3.64%
WBTC/USD$ 97,601.15 1.17%
DOT/USD$ 8.59 35.73%
LINK/USD$ 17.53 13.89%
BCH/USD$ 509.37 4.44%
SUI/USD$ 3.46 0.08%
WETH/USD$ 3,420.65 3.70%
PEPE/USD$ 0.000021 2.56%
LEO/USD$ 8.63 3.90%
NEAR/USD$ 6.18 8.51%
LTC/USD$ 98.57 8.85%
APT/USD$ 12.87 7.30%
UNI/USD$ 11.12 18.84%
WEETH/USD$ 3,604.91 3.88%
HBAR/USD$ 0.155086 10.75%
ICP/USD$ 11.47 11.69%
CRO/USD$ 0.198315 4.51%
USDS/USD$ 0.998717 0.76%
POL/USD$ 0.572267 20.38%
ETC/USD$ 29.85 6.79%
RENDER/USD$ 7.81 8.33%
KAS/USD$ 0.156788 5.21%
TAO/USD$ 517.28 5.78%
USDE/USD$ 1.00 0.26%
FET/USD$ 1.41 14.68%
BONK/USD$ 0.000049 1.87%
WBT/USD$ 24.77 0.34%
ARB/USD$ 0.862965 10.29%
DAI/USD$ 1.00 0.16%
VET/USD$ 0.041729 23.63%
OM/USD$ 3.72 2.68%
FIL/USD$ 5.54 17.24%
WIF/USD$ 3.31 6.56%
ATOM/USD$ 8.18 11.98%
STX/USD$ 2.08 6.83%