Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

This chart has some great info!

$BTC: Still waiting on that 30%+ pullback?
Bitcoin had eight 30%+ pullbacks last market uptrend but the average time between each pullback was 98 days
BTC had a serious 26.3% pullback on May 17th, which means the next major retrace could be a couple months away

https://twitter.com/Josh_Rager/status/1133371092175863808

It had that pullback on bitstamp only. all the other exchanges were between 16 - 19% average of 17.5%

It only went that low on bitstamp because of the 4000 sell wall.

It's going to dump slow but steady soon ending at $2500 before the year is out imho.

I hope you didn't mortgage your home to fund your short position. There are way too many homeless folks already.

my home is quite safe.

and I don't think it's people going short that need to worry.
https://blockchainwhispers.com/bitmex-position-calculator/

Not sure where they source their data from but bitfinex has BTC32.200 over $280MM shorted
https://www.bitfinex.com/stats

it's from the BFX api, same as this site
https://datamish.com/d/000000004/btcusd?refresh=20s&orgId=1

the stats page on bitfinex doesn't seem to update, not sure if it's hourly, daily, weekly but the API is live afaik.

Umm try again, sorry to bust your "bear data source" which inflates longs and deflates shorts

Quote

Rates on Margin Funding

Average rates of the open funding (positions) as of May 29, 2019 - 02:34:49 AM UTC.
Currency Flash Return Rate Total sum of active funding Total amount used in margin positions
...
BTC 0.0107% 33,873.90 32,230.27

From https://www.bitfinex.com/stats