Shorts have also fallen below longs, a crossover; this is a very interesting development.
Take a look at the chart above, the shorts are literally crashing, just another signal that confirms that the bottom is set and it is time for long.
Here is our LONG Bitcoin Trade:
Thanks a lot for the support.
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Longs are starting to move up, very slowly though.
* Shorts continue dropping.
* Longs continue increasing.
- The Bitfinex BTC price hardly increased whilst the 10k BTC was bought up to close those shorts. Means that there are also willing sellers at these prices.
- Fewer active shorts means fewer guaranteed buyers in waiting. i.e. It's much easier for the price to fall now.
Also lol at Bitfinex providing liquidity. Do know how a free market works?