Tarmi just talks his book. Good luck to him.
Leveraged longs up to 23 million dollars. But shorts up hugely today to 19000 contracts.
I agree with tzupy we could easily get another 5 or even 8 million USD long interest as happened in July 2014. So a squeeze may not materialise.
Today has shown bull whale can stop bear whale if needed. The price is at the mercy of big players. Whoever bought 7k btc earlier could easily have bought 14k. It makes you wonder about timing though. A far smaller buy when the price was 264 earlier today would have propelled us back to the 280/290's for less ammo. Perhaps mystery buyer was waiting for sellers to fire first!
24 hours ago at 252, I asked "buy or dont buy." Noone responded. I ask you tonight Inca at 265, Buy or dont buy??
I guess its worth a shot
Considering that it was at 300 a while ago and dropped down