And people just build up short position along the way and it reach the ATH at 40k short position at Bitfinex...
What happen next is... they got rekt! and price of BTC jump from 6800 to 8000 in few minutes. ( I still remember that moment, I having dinner and got rekt alert from Bitmex Rekt bot. )
Well, this time it could happening too. Because when most people looking at the same way, whale ( or maybe us lol ) will do the opposite.
I think if the price can stay at 6500 + it will be very scary because it might jump real bad because of short liquidation chain reaction at bitmex.
I think a lot of big order are around 6500-6800 range and it can be rekt so easily.
Anyway, it might not happen but who know! Better prepare!
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