A Bitmain aligned crypto-news site claims in what appears to be a translation of other local media that Chinese miners have become the biggest crypto short sellers, margin selling bitcoin or eth as a hedge. “Everyone is short-seller, we do this for self-defense but that will lead to a further decline in cryptocurrency price… Without short selling, we will be eliminated ultimately, but if everybody keeps doing this, we will finally die together, which is quite heroic.” So said a Chinese miner called Jin Xin. So suggesting he is effectively going half long and half short in a strategy that in some ways doesn’t make ... (full story)