Ok, all BFX longs wrecked, now we proceed to $10,000.
all $25 million in longs? Not even close. not yet. What's more, there were only 7K BTC shorts to cover. We're flying blind until bfxdata.com is back up, but there's no way all those longs got rekt or we'd be in the $200s.Hate to disappoint everyone but longs are still at $26MM hard little critters to squash
https://www.bitfinex.com/pages/stats
That's not disappointing at all! More longs to get squeezed. Forced liquidation in the middle of a crash causes a margin call cascade and i get cheap coinz. 20K more to dump is all it would take.
We went from $475 to $402 and barely any longs were squeezed!!
Shorts are so tight they burn when we move up $10 feel something else is at play here.I am surprised someone didn't dump the remaining $2 to put us under $400 would maybe see some cascades then
bfx longs aren't exactly at an all time high. In Jul 2014 they were all the way at $32M, and this was back when bfx did ONE TENTH of the volume that it does now. Just this is suspicious to me.
