Bitcoin a story of longs and shorts part1

It is clear as of now that short position on Bitfinex are in a significant downtrend since December 2018.

While they have pose a double bottom pattern and push an uptrend recently, they still are face with significant resistance above in the form of the 200 day EMA.
I don't know if TA can be apply to this chart but if it does. There is a significant risk of a short closure at that level. Which could imply buying pressure on bitcoin price.