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BTC- Longs are just asking for a price dump

Bitcoin / US Dollar Perpetual Inverse Swap Contract (BITMEX:XBTUSD)

BITMEX:XBTUSD Bitcoin / US Dollar Perpetual Inverse Swap Contract

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Cmon People - With the longs stacked this high where is the motivation for the whales and institution to move price higher?
The value and Profit is to be made in dumping the price for great shorts .

Comments

And the funding rate is through the roof to hold a long position. Something needs to give

Altlantis

@Altlantis,.... someone say "Rekt" ?

mycotoxin

@mycotoxin, Hopefully not, but I do wish it remained balanced on the shorts and longs. Much easier to come up with a trading edge. I do believe the bull run is authentic and will keep pushing upward. Next stop 12K.

Altlantis

@Altlantis, lets see how it goes. cheers

You are just jealous because everyone's jumping in and buying except you and me.. Since I am a firm believer in sharing the wealth, I decided to let others make the money now while I rest for a while. The chart shows the longs still have a ways to go..

alienteck

@alienteck, haha funny

mycotoxin

I re-bought seeing the gap on the US$.. sigh..

What if bitcoin was run by no one? No institutions, no manipulations, just market doing its thing and independent transactions carried all over the world.

Rekt, Longs r winning