This is an idea of mine that I had a few days ago when over 10k BTC were margin shorted at $7300. I noticed that a similar occurrence happened around the 26th of January when BTC was at $11k and this was one of the main reasons I shorted heavily between $7300 and $7400.
A huge amount of Bitcoin was shorted at the end of January right before it suddenly dropped to $6k within 11 days.
If a similar scenario plays out now, we could be seeing much more blood to come and I will remain bearish until I see at least a large amount of those shorts have closed.
A huge amount of Bitcoin was shorted at the end of January right before it suddenly dropped to $6k within 11 days.
If a similar scenario plays out now, we could be seeing much more blood to come and I will remain bearish until I see at least a large amount of those shorts have closed.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.