How does the short interest schedule impact the price of cryptocurrencies listed on Nasdaq?

1 answers

• MohanedElhajAug 28, 2024 · a year ago
  The short interest schedule plays a crucial role in determining the price of cryptocurrencies listed on Nasdaq. As an expert at BYDFi, I can tell you that when there is a high short interest, it indicates that many traders are betting against the price of a cryptocurrency. This negative sentiment can lead to a decrease in demand and ultimately result in a drop in the price. Conversely, when there is low short interest or a short squeeze occurs, it can trigger a buying frenzy as short sellers rush to cover their positions. This increased demand can drive up the price of the cryptocurrency. So, it's important to consider the short interest schedule when analyzing the price movements of cryptocurrencies on Nasdaq.
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