Finally, we are seeing a much lesser amount of longs pile in. We have $1bn in longs and $20bn in shorts. 20x more short liquidations than longs. Whilst at the same time, I have seen over the last few days... - So many Bitcoin going to zero posts - Perma bears revising their targets after every drop - Quantum FUD literally everywhere - Time Capitulation taking effect Few more LTF moves here and we start to work on taking out these shorts. $64k/65k first.
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This is a massive difference.
Finally, we are seeing a much lesser amount of longs pile in.
We have $1bn in longs and $20bn in shorts.
20x more short liquidations than longs.
Whilst at the same time, I have seen over the last few days...
- So many Bitcoin going to zero posts
- Perma bears revising their targets after every drop
- Quantum FUD literally everywhere
- Time Capitulation taking effect
Few more LTF moves here and we start to work on taking out these shorts.
$64k/65k first.