slatermaus

slatermaus Updated 

1. Leverage traders have been selling in droves, around 8000 BTC have been liquidated in the last few days, however there's still a great deal more open positions (opened since the low-upper 30k range) 2. Long-short ratio has dropped to 18, significantly lower than the high in the upper 20s, but still quite high. This is largely due to lack of short interest (why...

slatermaus Updated 

There are a few things going on to take note of: 1. Leveraged longs in ratio to shortsellers is hanging around 23:1, and is otherwise enormously lopsided towards being overbought. (See the orange line) 2. As a result, leveraged interest rates are exceptionally high, all north of .1%, sometimes as high as .35%, per day 3. As we've seen in the last 2 weeks, more...