I think this has hit the bottom and it is time for a nice fat bounce. Some traders will have hard time to cover their shorts on Bitfinex.

Barely getting started

Any particular reasons?

I think this has hit the bottom and it is time for a nice fat bounce. Some traders will have hard time to cover their shorts on Bitfinex.

not much shorts to cover

Yep...shorts are very low thus far.

Edit: Actually...shorts only just starting to build up.... oo-er.

https://www.tradingview.com/x/8fu1wgJ3/

Shorts are up 3.5k since the top. Longs at 22mil$.