Bitfinex: Short > Long positions (Will end violently)

[cryptodontus]

Current Price BFX: $1,972 ATH  

14.2k longs vs -16.1k shorts

Still more short interest and all short sellers are underwater.  There is barely enough liquidity to cover in case of a positive news event and the price skyrockets.

Still not close to ending... and it will be violent!

This looks to be the violet ending. Price closing in on $2100.
I am sure those shorts must be leveraged. If so, you will have crazy margin calls on them.
Some people are going to get bankrupt quickly. 

Its seems to me that margin trading has only two possibilities.
1. Insider trading
2. Gambler's fallacy

Maybe I'm wrong, but I haven't been able to figure it out yet.

[1715302790]

1715302790

[1715302790]

1715302790

[1715302790]

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[Wind_FURY]

I cannot wait for OP's next post and comment. Anybody who is thinking of shorting in this bull market is crazy gambling. They are clearly trying to time the market. That is something no one can do perfectly. By the time the market becomes bearish they have lost a lot and their gains will be smaller than if they waited patiently.

[abercrombie]

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.

[Hyena]

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.

At least THOSE bears have balls to put their money where their mouth is. But nevertheless, no empathy for the shorts