hopefully the shorts get squeezed soon...not even enough in the orderbook on bfx to close them all...
if we go up it could get really quick
I don´t think this is going to happen as there are even more longs open. With USD 19 mln open this translates at current prices to more than 40.000 BTC (Not taking long positions in LTC into consideration). Bid side is only 26.000 coins to EUR 50....
Some will equal each other out, but then there will be still more longs to bring us rather down...