07-16-2021, 03:04 PM
Get ready for prices to rebound, shorts are getting liquidated as we speak (BTC)
<!-- SC_OFF --><div class="md"><p>Watch it live on datamish.com, the percentage of total shorts on BTC is declining at an almost exact rate with the price increasing.</p> <p>Shorts have been slowly rising the last week and pulling the price down but watch how it consistently goes up now that those shorts are being bought back and paying market price to cover the positions.</p> <p>It doesn't nessesarily means there's a short squeeze happening here, just the contracts need to repay their borrowed BTC and the more shorts there are left (around 16k in contract BTC left) the price will move up.</p> <p>I for one am seriously surprised no one has taken advantage of these obvious moves between the 30-35k band, it cyclically keeps getting pulled to one side or the other rhythmically for the last few months. And obviously I mean whales and large holders, not the $10 pizza crew gang (rise up)</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/shlammyjohnson"> /u/shlammyjohnson </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ol2ago/get_ready_for_prices_to_rebound_shorts_are/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ol2ago/get_ready_for_prices_to_rebound_shorts_are/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Watch it live on datamish.com, the percentage of total shorts on BTC is declining at an almost exact rate with the price increasing.</p> <p>Shorts have been slowly rising the last week and pulling the price down but watch how it consistently goes up now that those shorts are being bought back and paying market price to cover the positions.</p> <p>It doesn't nessesarily means there's a short squeeze happening here, just the contracts need to repay their borrowed BTC and the more shorts there are left (around 16k in contract BTC left) the price will move up.</p> <p>I for one am seriously surprised no one has taken advantage of these obvious moves between the 30-35k band, it cyclically keeps getting pulled to one side or the other rhythmically for the last few months. And obviously I mean whales and large holders, not the $10 pizza crew gang (rise up)</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/shlammyjohnson"> /u/shlammyjohnson </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ol2ago/get_ready_for_prices_to_rebound_shorts_are/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ol2ago/get_ready_for_prices_to_rebound_shorts_are/">[comments]</a></span>Kind Regards R