Right now there is $240,000,000 worth of leveraged longs on just one broker.
Imagine this scenario..
Big bag holders / brokers are loading up just as many short contracts as there is long contracts.
They unload their coins.
Price drops.
Over leveraged longs begin to margin call / liquidate.
Price drops.
Mass liquidation happen and the crypto market tanks again.
They close short contracts, cash in on the $240,000,000.
Buy all their coins back for cheap.
Yep.
Imagine this scenario..
Big bag holders / brokers are loading up just as many short contracts as there is long contracts.
They unload their coins.
Price drops.
Over leveraged longs begin to margin call / liquidate.
Price drops.
Mass liquidation happen and the crypto market tanks again.
They close short contracts, cash in on the $240,000,000.
Buy all their coins back for cheap.
Yep.
Note
I have been short Bitcoin since June when the price topped out at $13,700 USD which was exactly $20,000 AUD so I could not resist the urge to close my longs and open shorts.Since then I have been shorting every week watching the long contracts build up.
Right now I want the arse to collapse and I am positioned perfectly for it.
Good luck world.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.