HOLY KEK
>73% in Shorts
this will be glorious
HOLY KEK
Elijah Collins
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Joseph Long
it makes sense though, margin traders are the most degenerate gamblers
Samuel Martin
LMFAO! bears literally on suicide watch.
Colton Diaz
There's definitely a delicious irony in the fact that the same incessant bear faggots will be the ones to propel us to 8k as they get raped and liquidated
Eli Stewart
I expect a final green dildo to wipe out the shorters. Then a steady drop down to consistently kill the longs.
Sebastian Barnes
>trading on open interest
you will get rekt
Zachary Lee
i dont get why would a bunch of people having shorts push the price up?
Blake Bell
The market is manipulated. If exchanges make more by liquidating shorts, they will. Shorts get liquidated when the price goes up by a solid chunk.
Caleb Thomas
Now is the time capsanon shows himself and repents for his stupid ta.
Noah Rogers
because they get liquidated, it's called a short squeeze
pic related
Joshua White
Lol they will get rekt hard the coming days.
7-7.5k is imminent. Then an alt pump
Liam Green
not they exact answer i was looking for. I just looked it up
Nathan Green
i dont think so. Wait till bitfinex and binance open up withdrawls
Wyatt Davis
If you google short squeeze there's a good video on why it happens
Henry Moore
when a short gets liquidated it triggers a market buy on the books to close the position
John Walker
Arthur, start your liquidation engine!!!!
Ethan Thompson
What a great start to the 2019 bull run and this weekend!
Juan Lewis
Yep, but that will probably still take close to a week. Expect a lot of market manipulation until then
Angel Murphy
I sure hope so, I went 2.5k into BNB when alts started looking j00cy
Gavin Wright
Yeah but then the shorts have all the bitcoin. They can then sell it at the higher price. It's a win-win.
Mason Scott
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA THIS GONN BE GOOD
Oliver Allen
that's really not how it works
Noah King
Connor Gray
Why? Because the shorts didn't have the money to cover the buys?
Brayden Kelly
I've always thought so.
Aaron Bennett
The only way to get out of a short position is by buying, hence when people get liquidated they automatically open a market buy order, when the price movers up by a decent number it triggers a good amount of liquidations that create a chain reaction of more and more market buys and so more price increase and more liquidations until enough shorts get fucked and the price spike of course stops
Justin Morales
based
Christopher Foster
are you being serious right now? you have no idea how any of this works...do you?
Joshua Gutierrez
binance is opening up next week
Samuel Clark
They basically borrowed BTC (bought a negative amount, i.e. shorted), and have to return it when the position is closed, so when they get liquidated the money they spent is just enough to buy that BTC on the market to return it to whoever they borrowed it from.
Afterwards they lost they money and hold nothing.
John Murphy
>coinfarm
its spoofed as fuck
Logan Wilson
I actually totally forgot that's how shorts worked. Derp. I was just reading a biography about Daniel Drew too.
Caleb Ortiz
who is right? it cant be both
Camden Powell
Blake Ross
wtf? are the only people who use bitmex brits and koreans?
Caleb Lee
they'll be forced to market buy when they get liquidated
David Rivera
British people are the worlds #1 traders.
Deal with it.