People are getting liquidated on the way down putting more pressure on an already weak tape, eventually the price will hit a point where buyers will step in and on the way back up we will have less selling pressure to deal with (the leveraged "profit takers" already capitulated)
In a market like this you have to actively be trading both short/long to maintain your $
In a market like this you have to actively be trading both short/long to maintain your $
I am not sure about which charts reflect the changes in the quantity of longs and shorts on Bitfinex, for example.
So my question is whether a lot of the margin longs been wiped off the books, after the current extensive downward correction?