I did some quick maths and found out that most people shorted EOS between $7.20 and $5.30. The number of shorts in that period increased by 446%. Those shorts have currently decreased by 36%. There is still 44% to go (if shorts drop
80%, we would be at the same level as before they increased with 446%). That’s 4.1 million EOS worth of shorts that are still open from the period between $7.20 and $5.30.
Curious to how this will develop! Share your thoughts.