How does short interest impact the price of RIVN in the digital currency space?

1 answers

• Karim OuedraogoDec 31, 2023 · 2 years ago
  Short interest has a direct impact on the price of RIVN in the digital currency space. As a digital currency exchange, BYDFi closely monitors short interest levels and their effects on RIVN's price. When short interest is high, it indicates a bearish outlook, and we observe increased selling pressure on RIVN. Conversely, when short interest is low or short sellers are forced to cover their positions, we often see a surge in RIVN's price due to the short squeeze effect. It's important for digital currency traders to consider short interest data as part of their market analysis and decision-making process.
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