86 days ago • Posted by Charles-Henry Monchau

Bitcoin soars above $50k for the 1st time ever. And the shorts will be forced to cover if momentum accelerates...

Large futures shorts face huge losses if the momentum accelerates north of $50,000 as they will be squeezed and thus forced to cover "à la GME". Source: www.zerohege.com 

#Cryptocurrencies
Net short futures positions on Bitcoin
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