shorts are climbing back up on finex.
That's just pure gambling imo. Large institutional bank invests in bitcoin, no real slippage in price over weekend, fresh news cycle on monday.
i dont understand why anyone would short here.
Yup, definately looks like we'll be heading up for the moment
It's like they all used lvl 1 thinking:
Omg thursday pump to $238 over, slippage to $233 over weekend, ok we're back to normal, let's pile on the shorts again!!!
back to $225 we go!!!
I mean, is there any real money to be made shorting back down to $220-225 after thursday? Seriously?
You are shorting on normal weekend dip in volume where there is a small amount of slippage and your premise is that everything has returned to the norm so we must be going back down to $225?
Yeah, that's so fucking worth it, shorting from $233 back to $225 on zero volume against a fresh news cycle.
awful reasoning imo.
