Topic: The next bull market + collapse of short interest bubble - page 3. (Read 4837 times)

These people's hunger for money knows no bounds.

This time fo real  

Who are these "major players", I wonder? Who (that is presumably already rather rich) stands to get so much richer?

nice topic, OP might be on to something

@inca
You are right, this manipulation is obvious, i also found it a long time ago.
Your Topic is a problem for the invisible hand

Great stuff! Though I think we'll probably have some low volume stability before the beginning of the next bull market.
But let it come, we're patient

This is what the football surfacing might look like: https://www.tradingview.com/v/dHbn7XZ4/

Yep, I totally agree with the sentiments being put forth by inca. The last 6 months do feel staged and while the ATH price was quite surprising, it's even more unbelievable to be at the prices we're at - not that I'm obsessively complaining as I definitely took advantage of it and grabbed my share and still am. The real bull whales were preparing this market for their timeline this whole time and lots of unfortunate people sold at huge losses and this upcoming short squeeze will be even worse depending on various leveraging. This is why I've always felt it wise to hold most of what you got and play with your bonus chips cause you never know what's going on behind the scenes and when things can change. It definitely takes a lot of sand to be able to put up with this kind of market. After going through this last bear market in bitcoin, you can pretty much put up with most other things in life more easily. 

Added a couple of other charts..

Updated the post with the leveraged shorts added in..

Would that make us Trolls at that point?  Hanging around for hours upon hours posting in a forum about a topic we no longer believe in? LOL

This news made me smile! Banks investing? Those are the smart banks.

However, I find it hard to believe the bear market can end with so much positive sentiment in the OP post. Us bulls gotta tone it down, trick the bears into thinking we've given up. (See my sig.)

The latest move downwards (from below 600) is probably one of the clearer moves of direct market manipulation I have ever seen. Up there with gold moving vertically down 50 dollars when the SNB announced it would peg to the euro or when QE4EVER was announced last year by the FED.

A single glance at bfxdata shows 24,350 coins are currently borrowed in BTC swaps for shorts. This is virtually at the ATH despite a price 85% down from the actual ATH. A lot of small traders are expecting price drops. Yet those drops aren't happening and once the market begins to collectively realise we aren't going lower, there is only one way for it to go. And those coins need to be bought back. The average number of coins swapped for short contracts through most of 2014 was between 5,000 and 10,000 - mainly closer to 5,000. The change since august 2014 is quite instructive to observe. Short interest has risen 500% since then when the price was 580 ish. Short interest soared from 5,000 upwards, fell back after a major selloff, then rose even higher to where we are now.  

So what I am saying is that most of this entire move is manipulated with the use of leveraged selling into the market, allowing major players to accumulate astonishing amounts of bitcoin in the recent capitulation low, probably off exchange.

The great thing is we will find out over the coming months, won't we. Either the price will nose dive into the ground (because ..the chart..but the chart!..oh shiii) and the former CEO of Citi will have chucked away millions of dollars betting on bitcoin (today investing in coinbase) or it will rise. And if it rises, it will rise very quickly indeed - the bitcoin price is currently a football being held under the water - something that is hard to do for very long.

This is a solid fact people are overlooking. The entire price drop (for the past few weeks) looks staged.

(read my personal text)

The bearwhale is walking on his last legs.

I'm with you, Inca.    Yet if there is another big dip, it will have to be short lived at this point. There's too much positive momentum in VC funding and infrastructure development for this bear market to continue for too much longer

I agree. During a bull bubble, predicting unlimited parabolic growth amid euphoria is delusional.

During a bear bubble, predicting single digit coins amid despair is delusional. It works the opposite.

the crash was not driven by manipulation, the run-up was.  Now the free market is correcting btc value, I still think were going down in the near term (next 6-8 months).

every persons which is not completely blind can see that we are in a bear bubble.

the announcement of coinbase is nothing but huge; not the amount of raised capital but who is giving the capital.

I assume we see a massive change within the next 1-2 months and me for the very first time believes that this crash was not driven by free markets but by massive manipulation

The etf is an unknown quantity, it must have some effect when they buy in to the market, unless the Winklevoss twins are happy to sell up at this low price.