BTC bulls are quite exhausted. Besides, the previous SUPPORT TURNED RESISTANCE is proving to be a strong hurdle for the BTC bulls. So, expecting price to fall towards 5400 area soon.
too bad you were not paying attention to the order books, and the positions, nor to the volume of trade.
seems like the bears are the ones that are exhausted this time around. considering the extended orderbooks, shorts are being squeezed ( like they should) like lemons, and longs drink the lemonade staying fresh :)
Safe_Signal
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The ratio of BTCUSD shorts vs longs on Bitfinex has hit 1.7 ... it has never been this high from 2017 until now (previous peak was 1.5) When it was 1.2, there was a short squeeze that moved the price +$1000 in one hour.
seems like the bears are the ones that are exhausted this time around. considering the extended orderbooks, shorts are being squeezed ( like they should) like lemons, and longs drink the lemonade staying fresh :)