Objectively:
The first time it was possible to shorten Bitcoin. Was on December 7, 2016, which made Bitcoin a bit weaker at the time, so that the possibility was too short.
subjective: I think it was institutionally short on Bitcoin. Because the prices were quite high compared to the bottom.
See the link below about "The first short time on Btc"
Dear moonboys
We have endured hard times. We have often had to set our emotions to zero. By the large movements both up and down.
But now we finally see the light from the end of the tunnel! Everyone knows that there is a halving, which will affect the price. And we all knew the price was way too low at 4K - 5K. So we really had to push the price up for a good...
