BTC Longs / Shorts ratio bottomed out and now nearing 1. Shorts have decreased significantly, so therefore it starting to favor lower prices. 7k is still maximum upside target if it even gets there.
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From @bosslui
BTC Longs / Shorts ratio bottomed out and now nearing 1. Shorts have decreased significantly, so therefore it starting to favor lower prices. 7k is still maximum upside target if it even gets there.