BITFINEX Longs are still dropping and so are shorts - Could be BITFINEX is cashing out to FIAT, as if not I'd at least expect the shorts to move up as longs continue dropping.
Either JOE007 is a psychic genius or he is part of the Bitfinex staff. I don't believe psychics are real by the way.
Arzalon
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Did you know most longs belong to JOE007? Some weeks ago his PNL was around 11m in the red when he was laddering in his long on the way down to 6450. You can follow his position on leaderboard.bitfinex.com/
mycotoxin
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@Arzalon, thanks for the feedback - very helpful ..cheers
Pancakeflipper
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@Arzalon, 24mil in the red at one point if i recall correctly.
Arzalon
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@freekje, crazy, wonder what his trading strategy looks like....