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K3VMC looks like that was just triggered and cleared (hence the drop to $34,750) so should be a bit easier ahead unless they stack them up again. Short interest looks nice and low still too
Exactly the same reason why Pluto haven't had their IPO yet either
Only 30 days in June compared to 31 in May. So if May was 166 coins over 31 days then it’s still technically more.
Probably only works out at like 5 more btc for the extra day but all still counts
Barbara Roper, director of investor protection for the Consumer Federation of America
“Sorry. I decided a while back that I’m too old for this issue.”
Says it all really
https://www.cnbc.com/2021/07/03/what-cryptocurrencies-will-look-like-in-50-years.html?utm_term=Autofeed&utm_medium=Social&utm_content=Crypto&utm_source=Facebook&fbclid=IwAR1wQhr3Vnu_zo5lGX0hq7znjTLQfy77XK4xvLcZK-imH90nNRxI8us7h2g#Echobox=1625320841
Seems to be some decent buys going through on Bitcoin this weekend - perhaps this was the reason Elon has sold all of his houses!
Of all energy used in mining Bitcoin is from sustainable sources. Finally some actual figures to break the eco FUD apart.
Also the Wyckoff chart for Bitcoin is looking perfect so far. Onwards and upwards!
The specific ban is in relation to certain crypto derivatives such as futures. I personally think this is a good thing as I've mentioned previously this is the highly leveraged (x125) margin trading that could cause massive volitility when people start getting margin called and the domino effect wipes out positions.
And, since Friday morning, shorts went up to 26k BTC and back down to less than 4K BTC now. Lovely!
Back up to 20k BTC
https://uk.tradingview.com/symbols/BTCUSDSHORTS/
Looks like $29k wasn’t good enough for some
Is ARBKF still heavily shorted on the OTC? I know short interest previously has been massive.
I don't think we'll see those last 2k of shorts disappear for a while - shorts peaked at 25k on 15 June when BTC had a high of $41k so they'll probably be holding out just a little while longer.
LP89 … https://uk.tradingview.com/symbols/BTCUSDSHORTS/
There you go.
My personal view is that if those betting the price of BTC going down are closing out their positions in their masses, then we must be hanging around the bottom.
80% of shorts closing in less than 72 hours. Just 5k BTC left short now.
Well 60% of those short on BTC have decided now is the place to close out their positions.
https://uk.tradingview.com/symbols/BTCUSDSHORTS/
11k BTC left short! What a day.
13.5k BTC left short. Positions massively being closed out now so next couple of days should turn this around nicely!
In the last two days, shorts have reduced from 25k BTC to 15k BTC. If everyone thinks this is the bear market then over 1/3 of short positions wouldn’t be closing in 48 hours. Little bit further to go then it’s game time. GLA
Short chart reduced by 70BTC in less than 2 minutes on that move through $40k, shows how quickly they can start closing out
Absolutely steaming through
On 9 June Bitcoin short interest went from 6.5k BTC to 18.7k BTC in a single day. The highest Bitcoin went that day was about $37,500, so by my guess there's a lot of short positions underwater right now.
I would like to think if we get past $40k we could start to see some margin calls and hopefully a squeeze to the moon.
Shorts have been doubling down at this level by the look of it https://uk.tradingview.com/symbols/BTCUSDSHORTS/