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What does it mean to have no position in Bitcoin (Bitcoin replenishment)?

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What does it mean to have no position in Bitcoin? According to AMBCrypto, in sim

What does it mean to have no position in Bitcoin (Bitcoin replenishment)?

What does it mean to have no position in Bitcoin? According to AMBCrypto, in simple terms, it means not having a position in Bitcoin. On December 31, 2017, investors began buying Bitcoin futures contracts like crazy. However, over the next year or so, as more and more institutions and individuals entered the market to trade cryptocurrency assets, they continuously used Bitcoin as a risk hedge tool, and this investment method has been widely accepted and recognized by many people.

Bitcoin Replenishment

According to the OKEx spot display, as of the start of the European session, BTC is temporarily reported at $9280 (-1.64%).

Yesterday evening, Bitcoin rebounded around $9800 and rose to the vicinity of $9500 again at 8 am this morning. At around 10 am this morning, the coin price experienced a significant increase, reaching a high of $9700 USDT. OKEX analyst Neo believes that the current market is significantly weaker compared to the previous few days. As market volatility intensifies, investor confidence is shaken, leading to a concentration of positions in low-level chips. Therefore, for long positions, it is recommended to close short positions in a timely manner.

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