Short Bets in Bitcoin Stack Up -- Market Talk

Dow Jones00:23

1223 ET - Despite bitcoin's recent run-up to levels last seen in early February, investors are holding onto bets that bitcoin's price will soon fall. According to Cex.io, "bears have been paying an average of 11% interest in April to hold their bets against bitcoin, briefly hitting 19%, the highest rate since January 2023." The appetite of investors to bet against bitcoin is meeting what the firm calls "one of the largest single-week accumulation moves in bitcoin's history," meaning that short holders are paying a large premium to maintain their positions. "One of these two groups is about to be proven very wrong, potentially leading to a massive price action," says Cex.io. Bitcoin is down 1.6% to $75,754 today. (kirk.maltais@wsj.com)

(END) Dow Jones Newswires

April 28, 2026 12:23 ET (16:23 GMT)

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According to Cex.io, \"bears have been paying an average of 11% interest in April to hold their bets against bitcoin, briefly hitting 19%, the highest rate since January 2023.\" The appetite of investors to bet against bitcoin is meeting what the firm calls \"one of the largest single-week accumulation moves in bitcoin's history,\" meaning that short holders are paying a large premium to maintain their positions. \"One of these two groups is about to be proven very wrong, potentially leading to a massive price action,\" says Cex.io. Bitcoin is down 1.6% to $75,754 today. 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