Shorts on Bitfinex at a all time high!

[knight22]

[SpanishSoldier]

I am not verse with various financial instruments. Can u plz explain in short what are these Shorts, Futures are ?

[knight22]

I am not verse with various financial instruments. Can u plz explain in short what are these Shorts, Futures are ?

It means people have borrowed and sold on the market a total of 28531.03 bitcoins hoping to buy them back at a cheaper rate and take profits. It also means these bitcoins will have to be bought back on the market at some point.

[fred930]

I am not verse with various financial instruments. Can u plz explain in short what are these Shorts, Futures are ?

It means people have borrowed and sold on the market a total of 28531.03 bitcoins hoping to buy them back at a cheaper rate and take profits. It also means these bitcoins will have to be bought back on the market at some point.

What is that likely to result in, a crash or a pump?

[adaseb]

Alot of the shorts are also mining farms that sell un-mined BTC ahead of time to protect their investment against a price crash.

[Niliv1]

So what predication we can make will the price raise or going to get down

[knight22]

Odds are good that the price will go up.

[Amph]

Odds are good that the price will go up.

up in the sense of a cat bounce like last time with the 300 peak? the sub-trend seems one pump and then one dump, while the general trend seems a small correction toward the bottom(cause by the fact that the dump is stronger than the pump in the end...), at least in this despair phase, in the future there could be a reversal if something good will happen.

[srgkrgkj]

Odds are good that the price will go up.

well what goes down must come up lol, at the moment it would be suicidal for these shorters who are pushing down at the current range Currently the graphs are looking realtively ok for a short pump as volumes are increasing and capital is flowing

[Mobius]

Expect those shorts to get squeezed.

[Morecoin Freeman]

Yea ~215 was the bottom of the dump. Going up since and the shorters not buying back now will be squeezed in a couple of days. Happy trading!

[Q7]

I don't know what is the reason but the sentiment is strong this time round as traders are putting on high expectations for the price to fall in weeks to come. I try not to think negatively but usually what is saw here is normally the natural buildup towards the upcoming price dump.

[tokeweed]

Bastards.  I knew they were just waiting for a better price.

[tokeweed]

Expect those shorts to get squeezed.

Not unless it's a dead cat bounce (again)...  Which has become a pattern of late.  Maybe this predictability made the shorts bet high this time?

[tokeweed]

Odds are good that the price will go up.

well what goes down must come up lol, at the moment it would be suicidal for these shorters who are pushing down at the current range Currently the graphs are looking realtively ok for a short pump as volumes are increasing and capital is flowing

Lol.. is the volume during the short pump increasing for you?  https://bitcoinwisdom.com/markets/bitfinex/btcusd

It's decreasing actually.  It only increases when ever there's lot s of people selling off.

[molecular]

Not to forget: the longs are extremely high, too (as they have been traditionally).

Ratio of longs to shorts is: 25860000 USD / 28940 BTC = 893 USD/BTC.

However, ratio of delta in last 24 hours is: (25860000 - 25660000 USD) / (28940 - 27600 BTC) = 149 USD/BTC

[molecular]

Expect those shorts to get squeezed.

Not unless it's a dead cat bounce (again)...  Which has become a pattern of late.  Maybe this predictability made the shorts bet high this time?

Once you think you found a pattern in the market, the market will turn around and screw you for most pain. ;-)

[tokeweed]

Expect those shorts to get squeezed.

Not unless it's a dead cat bounce (again)...  Which has become a pattern of late.  Maybe this predictability made the shorts bet high this time?

Once you think you found a pattern in the market, the market will turn around and screw you for most pain. ;-)

That or some wise ass mother fucker is gonna manipulate the market to go down and is stocking up all his shorts for one final push (down).

Either way, I don't care who's right anymore...  The falling price is hurting everyone...  Except the shorts.  

[srgkrgkj]

edit and the falling price isnt hurting the hodlers lol, we are in it for the long temr so this short term manipulation is just a hitch in the big picture lol

[Amph]

Yea ~215 was the bottom of the dump. Going up since and the shorters not buying back now will be squeezed in a couple of days. Happy trading!

if that is the real bottom, then we are increase with a good price corretion, because the last bottom was 180 a month ago, $35+ in a month isn't bad at all

edit and the falling price isnt hurting the hodlers lol, we are in it for the long temr so this short term manipulation is just a hitch in the big picture lol

as long as the falling price is higher than the previous falling price, than holders should feel safe