Re: Bitfinex: Short > Long positions (Will end violently)
Current Price BFX $1040.
For the past months, there's been a HUGE contract holder on OKC.
Longs were dreading he might be long, since he would have to sell at some point, however, today he finally gave a clue to his position.
Since price is rising and his position decreased slightly, he appears to be SHORT and taking a beating.
This contract ends in March 31. When he closes his position, BTC going to explode whether it be from the depths of 700 due to ETF being rejected, or new all time highs.
For the past months, there's been a HUGE contract holder on OKC.
Longs were dreading he might be long, since he would have to sell at some point, however, today he finally gave a clue to his position.
Since price is rising and his position decreased slightly, he appears to be SHORT and taking a beating.
This contract ends in March 31. When he closes his position, BTC going to explode whether it be from the depths of 700 due to ETF being rejected, or new all time highs.