BTC/USD shorts are 10% down: what does this means for BITCOIN prices?
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After a pump on the 8th of February increased the market capitalization of Bitcoin all the way up to $67 billion, from around $59 about a week ago, it seems as if short positions are getting closed en masse.
The sign can be interpreted in several ways. The simplest explanation possible, is that short sellers have given up on a retest of the latest lows, and are putting their trust on another pump towards the range of $4,000, or at least prefer to wait for the market to take a new direction. This tweets by @TraderDaniel4k and @YarrPiratez resembles those two lines of thought:
Visit - https://t.me/btctradingclub
After a pump on the 8th of February increased the market capitalization of Bitcoin all the way up to $67 billion, from around $59 about a week ago, it seems as if short positions are getting closed en masse.
The sign can be interpreted in several ways. The simplest explanation possible, is that short sellers have given up on a retest of the latest lows, and are putting their trust on another pump towards the range of $4,000, or at least prefer to wait for the market to take a new direction. This tweets by @TraderDaniel4k and @YarrPiratez resembles those two lines of thought: