It seems that the increase of short positions have stopped. When the short positions were opened on may 17, a day later bitcoin dropped from 43k to 30k. This time, there are even more shorts, and the increase is even steeper.
I wouldn't be surprised if Bitcoin will go down by a lot about a day after I publish this, same as on may 17. Personally, I also wouldn't be surprised if Bitcoin goes to 25k.
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Bitcoin shorts went up over +1300% within the last days. This hasn't happened in years. The last big short increase was in february 2018 and it was "only" about +350%
I see this type of chart for first time ,so... green light candell, show us , much more traders short btc, than long btc? If i understand corect, the price of btc will go up to close that short position.
@MynameisTeo both ways can happen. Get liquidated when too high, or go long / cash out when price is low. But since this is a really high short increase I suspect that the whales have a plan.
PhatsatFuture
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what about this El Salvador Pump? lol
urus888
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@PhatsatFuture, Bitcoin shorts went up over +1300% within the last days. This hasn't happened in years. The last big short increase was in february 2018 and it was "only" about +350%