52 Million BTC shorts since the open of the US marked today

[nikolastech]

Crazy already:
52 Million dollars opened in BTC shorts since the open of the US market today.

[nikolastech]

https://www.tradingview.com/symbols/BTCUSDSHORTS/ its also way over normal tipping point.

[charlotte04]

Crazy already:
52 Million dollars opened in BTC shorts since the open of the US market today.

Well, people are really bearish nowadays, but bad time for them if Bitcoin is going to rally.

[nikolastech]

Above link is only for bitfinex.com, so a lot more shorts, but its a good indicator

[ukw]

Crazy already:
52 Million dollars opened in BTC shorts since the open of the US market today.

The US market is so big and with so many opportunities that I think $ 52 million is a small part of the market as a whole and whatever happens will not be fatal    

[NeuroticFish]

Crazy already:
52 Million dollars opened in BTC shorts since the open of the US market today.

Well, people are really bearish nowadays, but bad time for them if Bitcoin is going to rally.

Somehow the experienced traders manage to squeeze money off markets whether they are bearish or bullish.
I think that the worse has passed, but there's still uncertainty. At least we don't know when is going to rally. As long as bitcoin moves up and down between 8500 and 10000, they are happily buy and sell and again and again.

[First77]

Looks like 300,000 Bitcoins will be sold.

[arseaboy]

Crazy already:
52 Million dollars opened in BTC shorts since the open of the US market today.

The US market is so big and with so many opportunities that I think $ 52 million is a small part of the market as a whole and whatever happens will not be fatal    

Yes indeed, those who understand the market will surely earned from how the fluctuations moves, better to just keep holding instead of dealing
with such sway, we will see more after the U.S market will start being bullish again and push the value to rise up again.

[jmlona]

That's a lot of people shorting bitcoin, makes you wonder if they know something we don't or they're just really hoping that Kobayashi is going to dump the rest of the bitcoin on the open market.

[vk279]

They can short 100s of bitcoins without owning a single bitcoin.  Its being done by big investors.  The day Bitcoin futures started trading on CME, every thing changed. As the open interest builds up in BTC futures,  there is a chance for Short squeeze to happen.  A short squeeze is a stampede where the large number of short sellers trying to close out their positions which will push the price higher.