Short positions in bitcoin rose 4136 BTC in the last 4 hours

[Hardfar]

Data from Datamish shows that the number of short positions in bitcoin has gradually increased since 1pm Beijing time, rising from 2,455 BTC to 6,591 BTC at 4pm Beijing time, an increase of 4,136 BTC. The price of bitcoin has dropped nearly $1,000 in the last four hours.
BTC - 6.69%

[DeathAngel]

Just a bunch of whales constantly shorting whilst we’re in a tight range on low volume. The short, take profits, remove shorts, rinse & repeat. It’s very frustrating but it’s just so easy for them at the moment.

[Poker Player]

Just a bunch of whales constantly shorting whilst we’re in a tight range on low volume. The short, take profits, remove shorts, rinse & repeat. It’s very frustrating but it’s just so easy for them at the moment.

When the price of Bitcoin went through the roof, shorts went out the window. It's just as easy for them to make money now as it is for them to lose money the moment it goes up. If the fundamentals are strong, shorts can't drive the price down in the long run.

[titular]

Just a bunch of whales constantly shorting whilst we’re in a tight range on low volume. The short, take profits, remove shorts, rinse & repeat. It’s very frustrating but it’s just so easy for them at the moment.

When the price of Bitcoin went through the roof, shorts went out the window. It's just as easy for them to make money now as it is for them to lose money the moment it goes up. If the fundamentals are strong, shorts can't drive the price down in the long run.

I really, really hope you are right. Similar to Elon's bullsh*t, whales throwing their bit of weight around will have less of an impact as time goes on.

But like you said, if the fundamentals are strong.

[OcTradism]

Just a bunch of whales constantly shorting whilst we’re in a tight range on low volume. The short, take profits, remove shorts, rinse & repeat. It’s very frustrating but it’s just so easy for them at the moment.

Whales get profit with their shorts but small traders who follow them can be liquidated when they remove shorts and kill shorts from small traders.

Small traders lose with leverages because they usually join the party in late time when it comes to the end.

If Bitcoin rises a lot, long positions top up, they join, then their long positions will be liquidated with flash crashes and the same for FOMO shorts.
Everything is done with FOMO is bad.

[BrewMaster]

there have been a lot of idiots trying to short bitcoin and losing millions of dollars over the past couple of months. why do you think price hasn't been able to rise?
it is all the borrowed sells that can't bring the price any lower but they can prevent it from rising up at the cost of them losing a lot of money

[hugeblack]

The fun part is that dropping around $1,000 has become something of a traditional thing. I remember those times when a $1,000 price tag was crazy, and when it got to $1,000 it took several years.
The movement of supply and demand with the current market capacities makes us realize that this amount is too small to be natural and not from the impact of whales.

[CryptoStar19]

The fun part is that dropping around $1,000 has become something of a traditional thing. I remember those times when a $1,000 price tag was crazy, and when it got to $1,000 it took several years.
The movement of supply and demand with the current market capacities makes us realize that this amount is too small to be natural and not from the impact of whales.

Agreed. We are still very much in the same range we have been for many weeks now.

[Review Master]

Looks like, whales are taking advantage of the sideways movement as they always acted like bears whenever bitcoin is ready to break the strong resistance and having bullish rally. But small traders will sure to get rekt if they start to do the same without proper analysis, IMO. Tbh, whales are playing around to make profits before taking the actual bullish or bearish rally.

[JeromeTash]

Data from Datamish shows that the number of short positions in bitcoin has gradually increased since 1pm Beijing time, rising from 2,455 BTC to 6,591 BTC at 4pm Beijing time, an increase of 4,136 BTC. The price of bitcoin has dropped nearly $1,000 in the last four hours.
BTC - 6.69%

That  $1,000 price drop that happened within 3 hours is lots of profits for the whales who shorted. Before you realize it, the short positions worth 6,591 BTC can vanish in a thin air if they whales decide to close the positions to realize the profits. Let the big looking figure not fool you  

[germsite]

Just a bunch of whales constantly shorting whilst we’re in a tight range on low volume. The short, take profits, remove shorts, rinse & repeat. It’s very frustrating but it’s just so easy for them at the moment.

You describe this as if there wasn't much risk involved, but couldn't they get smashed really hard by other whales going long and kill their shorts within a blink of an eye?

[mk4]

You describe this as if there wasn't much risk involved, but couldn't they get smashed really hard by other whales going long and kill their shorts within a blink of an eye?

This lol. People making huge shorts and getting rekt in the end isn't anything new. Follow the @BMXRekt[1] Twitter account, and you're going to see huge short positions getting rekt from time to time when there's huge volatility.

[germsite]

You describe this as if there wasn't much risk involved, but couldn't they get smashed really hard by other whales going long and kill their shorts within a blink of an eye?

This lol. People making huge shorts and getting rekt in the end isn't anything new. Follow the @BMXRekt[1] Twitter account, and you're going to see huge short positions getting rekt from time to time when there's huge volatility.

That is what I meant and killing short positions isn't that big of a deal, especially not if whales unite and for it. I remember this story of a Chinese guy who went short with all the crypto he had, I think $10 million, he got rent twice. First he lost his crypto because whales took him out, then he jumped off a roof top.

[numberslacey]

It’s clear that the whales are doing their work. They buy big, sell short, get the reward of being wealthy and smart at the same time.