If I am reading this correctly this is the first time since $3,200 that the Bitcoin Shorts chart is actually going in the OPPOSITE direction as the price of Bitcoin. It did not start doing this until AFTER breaking 10K.
Before 10K, the short positions would increase as the price of Bitcoin increased. It has been doing this since about $3,200. Anybody following my posts already knew I've been watching this and found it to be very alarming.
It just doesn't make sense that people would continue to short into a parabolic rise, but they did. Like I said if I am readying this right they can either cover or get liquidated.
Please tell the last bear out of the cave to turn of the lights. I'll be waiting out front.
BBS out!
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The SECOND hourly RED bar as Bitcoin hits over $10,800
You can't run Bears, you can't hide, I WILL GET YOU!