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Shiba Inu is one of the most versatile coins, be it in terms of its meme status or regarding its growing SHIB ecosystem. The token keeps attracting investors from all corners of the world, keenly exploring various investment positions that they think they can invest in for better profit prospects. Both long and short positions have delivered great profits to users, but what if an investor ends up playing both sides? Here’s a new SHIB hedge explained in detail to help make the most out of the coming altcoin season. Also Read: New Prediction Says $11,000 in Shiba Inu Could Turn $500,000 in 2030 Shiba Inu: Long and Short Positions Explained Source: Watcher.Guru Long and short positions in cryptocurrency refer to nuanced trading techniques. As BitStamp explains about opening short positions in an asset, this would simply mean earning a profit from an asset’s falling price. On the other hand, going long would refer to earning a profit from an asset’s rising price. Long positions ...

On June 24, 2022, the exchange CoinFLEX announced that it made the decision to halt user withdraws, and the price of the platform Token FLEX subsequently plummeted, from $4.30 to less than $1.50 in four hours. At the same time, FlexUSD, the platform's stablecoin, also began to de-peg, with prices dropping as low as $0.23. CEO Mark Lamb tweeted on June 29th, explaining that Roger Ver owes CoinFLEX 47 million USDC, which led to a liquidity squeeze on exchanges, and they had served a notice of default. Roger Ver then tweeted in response: "Recently some rumors have been spreading that I have defaulted on a debt to a counter-party . These rumors are false. Not only do I not have a debt to this counter-party , but this counter- party owes me a substantial sum of money, and I am currently seeking the return of my funds." We recently learned the entire insider details through a source close to the situation. CoinFLEX is a centralized derivatives exchange based in the Seychelles w...