Bitfinex shorts spiked massively in the last few hours. Bitfinex is a known whale den. They know something we don't either in the charts or news that's yet to be released. Expect a drop to 37, 36k or lower.
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So looks like shorts getting spooked or something as they're currently dropping. Maybe this is was a test of the market strength or things have changed as we did get a drop to 37.5k but not quite the drop expected with such a spike in shorts. So maybe short term rally but longer timeframes look bearish.