Current Price BFX: $2,132 16.3k longs vs
-15.3k shorts Cathartic day. Reached an ATH in a mother of all green candles but corrected mid-range.
Bitfinex starting to reach some equilibrium as longs are now gaining on shorts. Funding is getting real expensive for longs as USD is in huge demand and short on supply. Longs need prices to keep going up or they'll be paying loanshark prices for their leveraged positions.
Fact remains, all short sellers prior to today are still under water. They'll buy any dump to close out of this nightmare short sale.