I noticed on Friday night that the massive amounts of BTC shorts where being closed. Initially I thought this was profit taking. Then the % change fell to -11%. But BTC wasn't that low. This continued and is continuing with a total of nearly 20,000BTC shorts closed ($700 Million)/ ~66%https://ift.tt/2SSaPd1 would the whales do this; BTC is going down and the shorts are printing money. Then the answer came todayThey are shorting USDT, yes seriously!On Bitfinex alone nearly $87 million USDT shorts have been opened. With a +125% increase in the last 24hrs. https://ift.tt/3xDRn2g are closing BTC shorts and shorting USDTWhy?The obvious answer would be they believe USDT is going to rugAny input or ideas are welcome. personally still shorting BCH and DASH today but I'm tempted to short USDT now
Submitted June 21, 2021 at 03:02PM
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