The big-biscuit market action with this single needle has once again blown up a short position worth 200 million. Over here, there are a lot of people shorting; they think it has already risen too much, so they short it again—only for everyone to get wiped out. Then it continues to rally.
Lately there hasn’t been much noise from the bears, but it’s not to the point of cheering crowd levels yet—we still have to push it up! Once all those fighter pilots who are shorting join the long side, then it should be about right.
$BTC
Lately there hasn’t been much noise from the bears, but it’s not to the point of cheering crowd levels yet—we still have to push it up! Once all those fighter pilots who are shorting join the long side, then it should be about right.
$BTC
