According to various sources, over $140 million in liquidations took place in the past 24 hours, with much of it being shorts. In addition to that, the data from LookIntoBitcoin shows the number of Bitcoin addresses with balances exceeding 100 BTC rising yesterday. That might suggest bullish speculators are not giving up yet. Overall, we continue to think it is probably still the best option to stay on the sidelines and wait until the market is done screwing everyone.