A nice pump to entice some more longs and then squeezeeeee...
Everyone's calling for a short squeeze. Looks like if anything is to be squeezed, it'll be longs. (White line: price)pic.twitter.com/0dElqB0Ido
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Long squeeze before the short squeeze
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I don't disagree with your assessment at all. However, my only question is, how leveraged are those longs? Because for anyone 5x or below, BTC would need to drop below 5k minimum for them to be 'squeezed' and potentially 2k-4k if they have lots of margin. Seems upside greater
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Bitfinex only allows up to 3.3x and some are hedged using 1x or less (e.g. USD in account buying BTC through the margin tab w/o leverage). Calls for long squeeze are also overblown, IMO.
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it's a good buzz word
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This shit can be spoofed(1000x1$ longs), part of the masterplan. Plus i doubt people be trying to catch the bottom of a trend with any leverage over 3x. Everytime we dump, I'm not seeing that many liq longs.
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I'll take off my tinfoil hat now.
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longs have always been high and were at a 75% correction lmao
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*we're Stop taking those bars.
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