phoenix1
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January 08, 2015, 02:41:00 PM


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I am simply pointing out that short swaps are at an ATH even as the price stays relatively static.

This is an extreme market condition. It doesn't mean the price goes up.

It is very worthy of note as previously a massively high short position precedes a reversal. But this is Bitcoin where the bid side could be the guy shorting Smiley


I think you are doing a bit more than that  Wink. You are only telling half the story by not talking about the bid side that has disappeared. BFX looks like an accident waiting to happen in both directions right now.

Its also worthy of note that at this point these guys are simply refusing to back down and are increasing their bets. I am honestly surprised that we have seen no covering whatsoever. It makes me think about what it might be that I do not know.