Selling short on Bitcoin (BTC) and sells it immediately at the current market price, hoping to buy it back later at a lower price in order to profit from the decline. As of now, BTC is trading at roughly $81,500 USD. This means if you sell short at this level, you would aim to repurchase BTC at a price below $81,500 to secure a profit on the difference.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.