$BTC shorts on Bitfinex spiked hard — vertical move on the chart. Classic setup we've seen before. When positioning gets this one-sided, the fuel for a squeeze builds fast. Market loves punishing the crowd.
Not worried — actually the opposite. Heavy short interest often marks bottoms or consolidation zones before the next leg up. If we hold structure here and macro stays supportive, these shorts become rocket fuel on the way back up.
Watch the levels. If support holds and we get a catalyst, this could unwind violently to the upside. Stay disciplined, respect your stops, but don't fade the long-term bull case because traders got positioned wrong.
Not worried — actually the opposite. Heavy short interest often marks bottoms or consolidation zones before the next leg up. If we hold structure here and macro stays supportive, these shorts become rocket fuel on the way back up.
Watch the levels. If support holds and we get a catalyst, this could unwind violently to the upside. Stay disciplined, respect your stops, but don't fade the long-term bull case because traders got positioned wrong.
