BTC Shorts are up 900% today. Lets discuss.

BTC Shorts on bitfinex streted to rise today at 9:00 steadily till now, and are up 900% today ( BTC is steadily decreasing in price – not saying that only because of that, but it sure helps driving the price down by creating a huge sell pressure. I am not big fan of conspiracy theories and WSB blame-the-short-sellers game, but it sure looks suspicious. If you look at that shorts charts on bitfinex, they always seem to rise immensely in a single day. I suggest looking at BTC shorts for any BTC holder that wants to buy/sell. If anyone has good theories on why these shorts behave this way – let's discuss it, as I would be very interested. An obvious explanation is coordinated selling pressure by large institutional players.

submitted by /u/statypan
[link] [comments]

Leave a Reply

Your email address will not be published. Required fields are marked *