Short interest a hair away from 20,000 contracts on bfxdata. Over 3000 new shorts today. Retest 300 soon.
Still 1/4 of the USD worth of longs...
Is it not worrying to you that one of the reasons we should pump is just a temporary short squeeze (that might not even happen at all)?
Is that the reason people should buy bitcoin at this price after having seen this crash? Because of a short squeeze?
I'd be happily using bitcoin as a medium of exchange but it's losing value so quick that, unless transactions happen in the order of minutes at most, it dissipates any possible benefit or usefulness even for that.