D1 Chart
The leverage shorts on bitfinex increase again. It is a unique time, because never in history of BTC the shorts moove up and down. Up and down each week.
Sure the market is not sideways at all, but the volume in this short time + no market movement is weird.
To me, no financial advice, it looks like to hold the price down between the accumulation area. Every time BTC wants to move out, the shorts increase. And this is only 1 exchange of many.
If i should be right, some really rich buddys buy massive in. I dont have the glassnode chart now, but the hodler wallets increase too.
So these people use the money like a weapon to shake out the cheap coins from weak hodlers.
On the other side, the shorter could be also some degenerate gambler without any plan. So they help the buyers get cheaper coins.
Whats your new BTC ATH by end of 2021
70k?
100k?
or another number?