$Bitcoin (BTC.CC)$ may be setting up for a massive short squ...
$Bitcoin(BTC.CC$ may be setting up for a massive short squeeze:
Currently, the gap between institutional longs and hedge fund shorts is at a record high.
While hedge funds hold nearly 15,000 in net short contracts, institutions hold nearly 20,000 in net longs.
This is likely why price action has been so sporadic over the last few days.
Longs are not giving up and each new record high in Bitcoin is being fueled by widespread short covering.
How long can the shorts hold on?
Currently, the gap between institutional longs and hedge fund shorts is at a record high.
While hedge funds hold nearly 15,000 in net short contracts, institutions hold nearly 20,000 in net longs.
This is likely why price action has been so sporadic over the last few days.
Longs are not giving up and each new record high in Bitcoin is being fueled by widespread short covering.
How long can the shorts hold on?
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