Watching 6100 btc in shorts getting squeezed soon should be fun.
Can you expand on this? Were these opened during the 'flash crash'? AKA all of them are at big losses, or even massive if leveraged?
Around 2K was opened during the flash crash. It's almost impossible to know how leveraged they are and what price they opened though.
I suspect if/when we break 680 they will start closing in large amounts.
Edit: 200 btc in shorts have already been closed. They probably realized they shorted at the bottom.
The net amount left of btc that was shorted during this flash crash is almost exactly the same amount of coins on the ask side back to where we fell from.
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