Kraken CEO: Bitcoin bulls have been consuming Kraken's dollar reserve pool to open leveraged long positions

According to NewsBTC, Kraken CEO Jesse Powell revealed that Bitcoin bulls have been consuming Kraken's dollar reserve pool to open leveraged long positions. In an interview with Tech, Jesse Powell said that bitcoins in traders are more than shorts. As a result, rising sentiment prompted most traders to borrow money from Kraken to increase their long position in the bitcoin market. In many cases, the absence of short traders makes the liquidity unbalanced, which ultimately leads to the continued consumption of the margin pool.