Bad call? Bitfinex bears closed a block of Bitcoin shorts before the drop below $32K

Bitcoin short positions at Bitfinex soared as BTC price dropped below $40,000, so why did the majority of them close before the largest part of the correction?

Bad call? Bitfinex bears closed a block of Bitcoin shorts before the drop below $32K

Bitcoin short positions at Bitfinex soared as BTC price dropped below $40,000, so why did the majority of them close before the largest part of the correction?

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