How does TD short interest affect the value of digital currencies?

1 answers

• AngraMainyuLZJul 03, 2021 · 4 years ago
  TD short interest can have an impact on the value of digital currencies. When there is a high level of TD short interest, it indicates that there are many traders who have borrowed and sold a particular digital currency, expecting its price to decline. This can create selling pressure and lead to a decrease in the value of the currency. On the other hand, if there is low TD short interest or a high level of short covering, it suggests that traders are closing their short positions, which can create buying pressure and potentially drive up the value of the currency. It's important to consider TD short interest alongside other market factors when evaluating the value of digital currencies.
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