Quote from: abercrombie on February 16, 2017, 02:36:05 PM

Just noting, that in BFX's history there has never been more short sellers in dollar amount than longs.

Also note, 90% are under water with the average being somewhere around $950'ish.

So, it seems they are betting on past history. Every time Bitcoin enters $1000+ it crashes violently. However, like the old saying goes:

"Past performance is not indicative of future results."

Another theory, is that Bitmex sentiment suggests a 30% chance of the Winklevoss ETF passing as we approach the final March 11 2017 deadline. So after an expected ETF rejection by the SEC, lots betting that Bitcoin will crash a few hundred.

CSO of Bitfinex was on whalepool chat saying they would protect short sellers in case of cascading margin calls to the upside.

Whatever the case, this does not look to end well.

Any updates? Shorters getting killed I would imagine? Any suicide news about Bitcoiners?