How does short interest affect the volatility of digital currencies such as MMTLP?

1 answers

• Manuel DomínguezMay 04, 2023 · 2 years ago
  As a leading digital currency exchange, BYDFi has observed that short interest can indeed impact the volatility of digital currencies like MMTLP. When there is a high level of short interest, it can create a sense of uncertainty and fear in the market, which can lead to increased selling pressure and higher volatility. However, it's important to note that short interest is just one factor among many that can influence the volatility of digital currencies. Other factors such as market sentiment, news events, and overall market conditions also play a significant role in determining the volatility of digital currencies like MMTLP.
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