Heavy short positioning stacking up between $61k-$63k on $BTC.
Usually when shorts pile in this obvious, something's about to get messy. Either they're right and we dump hard, or we squeeze through and they all get rekt at once.
Watching how this plays out — if we hold above $61k for another day or two, could get interesting.
Usually when shorts pile in this obvious, something's about to get messy. Either they're right and we dump hard, or we squeeze through and they all get rekt at once.
Watching how this plays out — if we hold above $61k for another day or two, could get interesting.