This added selling pressure on bitcoin, which Greenspan believes caused the 10 percent fall over the weekend, will likely prevent traders from moving into other digital assets, at the risk of taking a loss from liquidating their BTC. The lack of short selling this week suggests many traders are unwilling to speculate about future prices and will hold BTC unless something fundamental changes, he told CoinDesk.
This article was originally published by Coindesk.com. Read the original article here.
