Bitcoin is now trading in a zone characterized by elevated leveraged short concentration. This clustering of short positions at higher levels presents an interesting technical signal worth monitoring, as such accumulations often attract countermovement from traders looking to liquidate these positions.
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GweiTooHigh
· 01-12 12:00
Is there so much short accumulation? Feels like something's fishy.
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GasFeeTears
· 01-12 11:06
So many short positions are accumulated, just waiting to be squeezed out. It's quite interesting.
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UncommonNPC
· 01-12 10:55
With so many shorts piling up, they're waiting to be crushed. It'll be another feast of cutting leeks.
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YieldHunter
· 01-12 10:52
ngl, if you look at the data on these short liquidations, the correlation coefficient between cluster formations and countermovement is actually... kinda predictable? seen this movie before tbh. technically speaking, degens are gonna get rekt when this unwinds lol
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BTCWaveRider
· 01-12 10:43
There is such a large accumulation of shorts, it feels like a rebound is coming...
Bitcoin is now trading in a zone characterized by elevated leveraged short concentration. This clustering of short positions at higher levels presents an interesting technical signal worth monitoring, as such accumulations often attract countermovement from traders looking to liquidate these positions.