Hello Traders,
While Michael SAYLOR from MicroStrategy $MSTR is loading cash by selling junk-bond debt with 6.25% to 6.5% return annualy to buy #Bitcoin , other Cryptomarket and Bitcoin bears are rumping up their bet against $BTCUSD price, as you can see on this chart the selling positions keeps piling up.
The chart attached shows an incredible 2200% increase in Short interest. It is by far the largest increase in the History of Bitcoin. Either a lot of Bears are going to make a lot of money or they will give birth to one of the largest short squeezes in Bitcoins history. I am of the opinion that when too many people get on one side of a trade, its usually best to...
How I came up with this?
- I smoked catnips.
Context: Recent IRS news crashed btc price.
If this whale sold bitcoins before, it have to pay capital gain tax.
If this whale bought back what it sold then do covered short with new 1x longs (I saw long & short goes up together), then close the shorts at top or where it sold, this could
reversee it's realized...
If the price is going to break the upper band channel, it is going to see the 41k zone first
If it does not break the upper band channel, it is going to see the 37.800 price...
This is not a financial advice!
Bitcoin is moving a little bit what is your opinion ? ?
I am looking at shorts on Bitfinex in terms of USD.
This amount is unprecedented. Will the exchange be able to handle this? Saving for future reference
We will never know:
Is the player alone in Bitifinex ?
It is happenning at anothers Exchanges ?
He could be playing at futures as well, been long at one perpetual, or a option contract.
We can't know. that.
The only thing we can do is Speculate about, and There it is:
At First, we have to understand that he took the distributed market and applied a bilateral...
While both shorts and longs are irresponsibly high, the shorts are holding like an iron tower in anticipation of the death cross. I believe the market is turning, but I'm going to wait for this chart to change before I buy..
BTC short are at a local ATH, BTC breaks 41k, next target is a test of the very important 42k line. Most likely will get some sell pressure there, but bulls seem to have a lot more energy in this rise, if 42k breaks most of these shorts have to liquidate.
Result or our analze.
if you want Buy Btc wait for pullback
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Kamoxan.
This is not a financial Advice
Hey everyone ,
As we can see in chart , BTC short positions are same level with march 2020. I am expecting all the short levels will close and BTC shorts will re bounce from top. We all know what happened after 2020 march. We can see same scene. Whales have plans. Waiting this short levels to get this high might be a one plan. We all watch :) Hope bears leave...
I would not call this recent move up a "short squeeze" despite the sudden inflow of margin shorts. There are still roughly 3 times the number of leveraged longs and steadily increasing. Traders still see this dip off the ATH as a "buying opportunity" and have not been liquidated en masse yet.
Hello my friends!
It was the largest percentage increase of shorts ever. Btw I would never short BTC after a 50/60% move down. The risk reward is way too high.
You all know for example from gamestop what a short squeese can do and how the price bounces. In the last two weeks, the shorts have risen by about 2300%. For comparison, at the last strong drop in march...
