Long / short ratio still bearish at 1.41. I don’t think anyone should get too comfortable at the current price because risks are still to the downside. We are due a weekend dump. It’s $9,358 as I write this.
I agree that anyone should not get too comfortable, but demand is increasing the last few days . +$45 million on the buy side on stamp. I think a lot of the weak hands have sold already and those that havent are not inclined to sell @50% of ATH
Im sure there is a lot of nervousness out there too but if confidence is restored, I think there is a lot of cash waiting on the sidelines to jump back in.