Over last year as the margin markets on cryptos grow exponentially year after year, the behaviour of cryptos and especially Bitcoin is starting to shift quite significantly.
A constant heavy short squeezes are now a common pattern especially as short sellers are thin spread but very confident and betting big. (60 mil shorts squeezed across only few players, and additional unaccounted shorts from 3 exchanges likely ranging to 30 mil in total) which is over 50% of total buying volume, the rest probably just a pending stop orders of buyers triggered.
Yesterdays (17ths) short squeeze, providing a great pullback leg setup on M15 after it.
A constant heavy short squeezes are now a common pattern especially as short sellers are thin spread but very confident and betting big. (60 mil shorts squeezed across only few players, and additional unaccounted shorts from 3 exchanges likely ranging to 30 mil in total) which is over 50% of total buying volume, the rest probably just a pending stop orders of buyers triggered.
Yesterdays (17ths) short squeeze, providing a great pullback leg setup on M15 after it.
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