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Alistair Milne @alistairmilne
, 4 tweets, 2 min read Read on Twitter
BTCUSD open short positions on Bitfinex
#bitcoin #dyor
10k BTC was short sold since 2nd Aug (max price $7600) ... and Bitcoin has yet to make a new low
Bitcoin's support was taken out entirely with the use of leverage last night ...
The ratio of BTCUSD shorts vs longs on Bitfinex has hit 1.4 ... it has never been this high in 2018 (previous peak was 1.2)
When it was 1.2, there was a short squeeze that moved the price +$1000 in one hour
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