everyone thinks shorting $BTC after 8 months of waiting is the easy fade but actually that's how you get caught on the wrong side of a real breakout.
you sit there convinced the top is in, then watch your shorts get blown up as price keeps printing higher. ngl that sting hits different when you fought the tape the whole way.
this just played out live. $BTC tagged $87,395, the highest level in around 8 months, running from $75k. at the same time $ZEC decided $1,600 wasn't enough and pushed all the way to $1,650 from around $1,086.
shorts paid heavily for fighting this move. during bitcoin's breakout above $87k, roughly $919m in crypto short positions were liquidated. that's not a small squeeze ser, that's a whole crowd that thought they were fading the top.
this is the case study. momentum showed up and anyone standing in front of it got run over.
anyone else still trying to short this or you riding it now?
#Bitcoin #Zcash #Crypto
you sit there convinced the top is in, then watch your shorts get blown up as price keeps printing higher. ngl that sting hits different when you fought the tape the whole way.
this just played out live. $BTC tagged $87,395, the highest level in around 8 months, running from $75k. at the same time $ZEC decided $1,600 wasn't enough and pushed all the way to $1,650 from around $1,086.
shorts paid heavily for fighting this move. during bitcoin's breakout above $87k, roughly $919m in crypto short positions were liquidated. that's not a small squeeze ser, that's a whole crowd that thought they were fading the top.
this is the case study. momentum showed up and anyone standing in front of it got run over.
anyone else still trying to short this or you riding it now?
#Bitcoin #Zcash #Crypto
