Hey everyone!

I've got a 2x-leveraged open short position in my Kraken account that I'm paying fees on. Does anyone know if, by settling the position (not closing), I retain the short position as-is? In other words, is no longer paying fees the only side effect of settling the position (as well as losing the funds needed for settlement, of course)?

That is, will I still be short with the same exact position after settling it but just not paying fees anymore?

That is exactly what motivated my post.  I don't think this downturn is normal at all or a mere price correction. Also, there are very few events in the history of Bitcoin where the price trended down so strongly, and most of those resulted in the price staying low for many months.  There has been big money involved driving the price down systematically in the past few days.  Just wish I could make sense of it.

Personally, I am now leaning towards waiting for a retracement and taking a minor loss in the hope that the price will dive further and I can make it up later.  Lose the battle but not the war.

I have only recently become interested in the Cryptocurrency markets and potential for growth, and for this reason do not have great insight on the history of Bitcoin, Ethereum and all other altcoins, and their price swings.  I am baffled by the serious downturn the markets have taken in the last few days and am at a loss of words to explain it.  Does anyone know what might be causing the heavy selling that is taking place?  Is this mostly caused by Ethereum-holders (I'm thinking of the recent successful multimillion ICOs) cashing out?  Are investors unwinding positions because, perhaps, they fear the upcoming July Segwit2 Bitcoin activation may fail?  

Let's discuss theories that might explain the down-swing!