This is insane, 3.26% of Open interest in Bitfinex exchange are shorting bitcoin right now. This is extremely low as you know it is a ratio. It can not go below zero it can just be near zero. This is -in my opinion; an indication of extreme optimisim and will probably result in a powerful long squeez. To get this chart use this...
There are about 3 times as many longs as there are shorts.
In the 2018 bear market, the 3.1 ratio has been the top, in the bull market, this ratio has been the bottom.
Current shorts feel like a proper reset for a later continuation of the bull cycle.
I am expecting moves to the upside when the Bitfinex whales are going to send it.
Never before Bitfinex shorts were as high as on the previous 2 peaks. Even when we had a big Crypto Market and BTC dip this year!
Thus somebody realized what kind of power does this graph hold in the eyes of traders and their followers.
So, what do they do now? They push shorts really high in an extremely short time frame spanning from few hours to few days and...
Every time this year that we’ve touched the 60-65 range for Bitfinex BTC Longs / Bitfinex BTC shorts we’ve dumped hard. Will this play out again? Shorts are dropping fast and down 20% today, if this continues we could hit 60 within the next week or so, be careful!
Short 🔴 Price will go Down, Bulls will Buy Loss
SVM (Support Vector Machine) forecasts BTC/USDT dump.
AI predicts traders will try to buy the dip.
A liquidation snowball effect could create a fast & volatile crash.
After the shakeout, the new ATH later this year isn't excluded.
Last time we saw price action and longs like this was the rally after the covid crash. After a cool off, bitcoin continued to trade wayyy higher. I think that is something similar to what we will see here, unless BTC break ath. I truly dont know how it will play out
selby_exchange Fundamental Metrics Chart (1W)
Comparison of the Bitfinex BTCUSDLONGS volume to USDT Market Cap and Bitcoin Price
Helpful links for Bitcoin traders:
Selby finding creative...
The elephant in the room first - Why do I keep bringing up these charts? Well they are acting a weird way. and weird stuff tends to mean something is happening outside of the norm.
We've started to see a rapid decline in active shorts on Bitfinex, which coincides with a bounce in btc price.
If we look back at the last two spikes - We see clear patterns in each....
The amount of leveraged long interest in BITSTAMP:BTCUSD is at a record high. There is a tremendous amount of Bitcoin on leverage betting on Bitcoin rising. This also means that there is a large potential for a cascade of liquidations if price begins a down move.
I put the probability at 50/50 up or down outside of this consolidation. The character of the...
This is a back-of-the-envelop analysis of the correlation between Bitfinex margin long positions and BTC price. My intuition is that a more disciplined analysis of Bitfinex margin positions, crypto exchange flows, margin funding rates, and changes in something like the SPY ETF could yield a predictive model.
There appears to be some relationship...
So... everybody is cheering up about the retracement BTC made from 28k to 34k, yet they don't see the avalanche coming.
1) BTCUSD Longs is at ATH
2) there is a clear bearish rising wedge pattern forming
3) a clear RSI bearish divergence
2) BTCUSD Shorts fell with no price rise in BTC whatsoever
(not trading advice, I'm not your financial advisor, do your own research)