What does the Long/Short interest imply?
It is interesting to look at the 
BTCUSDLONGS and BTCUSDSHORTS on this down move. The significant drop in leveraged long positions suggests that this is a profit taking move. Those that were in leveraged long positions are losing faith in a new ATH any time soon. They are getting bored. The corollary to this is that a further move down is not as likely to trigger a massive forced liquidation event since there are fewer leveraged positions.
My gut tells me no crash is imminent; but no big moves either. It could remain quite boring.
BTCUSDLONGS and BTCUSDSHORTS on this down move. The significant drop in leveraged long positions suggests that this is a profit taking move. Those that were in leveraged long positions are losing faith in a new ATH any time soon. They are getting bored. The corollary to this is that a further move down is not as likely to trigger a massive forced liquidation event since there are fewer leveraged positions. My gut tells me no crash is imminent; but no big moves either. It could remain quite boring.
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Twitter: twitter.com/noroktrade
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