What is the difference between a long position and a short position?

A long position is when a trader expects the price of an asset to rise and enters a buy position. Conversely, a short position is when a trader expects the price to fall and enters a sell position. For example, buying Bitcoin at $30,000 is a long position, while selling Bitcoin at $30,000 is a short position. Both positions can utilize leverage, and traders choose strategically based on market conditions. MIM provides a flexible system allowing clients to utilize both long and short trades.