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RE: Margin shorts on Bitfinex are now higher than when BTC/USD was @ $20k. Let that sink in!
Good call yesterday. Wonder if the short covering led correction is temporary though?
Good call yesterday. Wonder if the short covering led correction is temporary though?
There are still 25k shorts on Bitfinex, so there's are plenty of positions yet to be liquidated. I wouldn't be surprised to see another spike soon, as the longs are emboldened now. Next 24h should be very interesting!