RE:RE:RE:bitcoin $7000yes, you are correct. That was my mistake. There is a large short position on Bitfinex and some are covering already. Any catalyst could cause a short squeeze but who knows with these unpredictable markets.
Some $234 million worth of bitcoin is currently betting price will go down, but for the past two weeks, price has been going up, leading to about 7,000 bitcoin shorts, worth around $50 million, being closed or called.
About 2,000 btc has closed just today, worth around $14 million, as bitcoin’s price rises to above $7,000 from a recent low of under $6,000.
However bitcoin shorts (pictured above), remain near their all-time high while bitcoin longs start rising from near their all time low.
https://www.trustnodes.com/2018/08/28/bitcoin-shorts-still-near-time-high-50-million-closed-since-mid-august