THERE ARE ALMOST TWICE AS MANY SHORTS AS LONGS AND THAT CAN GET REALLY WILD 🤯🔥🐳
Watch out because the image has something very interesting 👀 hit follow so you don't miss anything that's about to happen
but I still maintain that
$BTC will drop below 60k
📊 The current price is around $74,045 and right there you can see the red vertical line
What the chart shows is that above the current price a huge amount of positions are accumulating
#short 🩳💀
🟢 The green curve is growing much faster than the red
This means that there is currently a lot more liquidity in shorts to liquidate than in
#long s
A lot of people are betting that Bitcoin will keep falling 😅
And when too many people are on the same side, the market often does the exact opposite
🐳 The
#market makers and the
#ballenas love those zones because that's where the fuel is
📈 If BTC breaks strongly past 75k, 77k or 80k, it could trigger a cascade of short liquidations
And every short that gets liquidated turns into forced buys that push the price even higher 🚀💥
⚠️ But that doesn't mean the path will be straight
Because before seeking that higher liquidity, they could easily do one last sweep down to shake out the impatient and collect more liquidity
😂 Bitcoin is an expert at leaving both bulls and bears crying at the same time
🔥 What the image clearly shows is that the largest concentration of money right now is above the current price
And we already know one thing BTC has repeated for years:
👉 The price tends to be attracted to where the liquidity is
💀 Don't trade like an idiot, when everyone is convinced of one direction is when Bitcoin pulls out the machete and liquidates half the planet
🤔 If there are almost twice as many shorts as longs, do you think we'll see a sweep down to 72k first or an explosion that liquidates all those bears above 80k? 🚀🐳🔥📈😈