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Long vs Short Bitcoin Liquidations over the past 7 days

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Long vs Short Bitcoin Liquidations over the past 7 days

Long liquidations are green (upwards), short liquidations are red (downwards).

What's interesting is that last big red bar for shorts. That actually happened within ~3 minutes during the pump a few hours ago.

But needless to say, I guess this past week, the pain has turned around and shorts are getting the brunt of it after having really coasted for a while.

Pretty insane.

On the second and third chart you may notice that Shorts are starting to take profits on their long held positions. I see this as maybe the best sign yet.

Getting scared.

Or what do you think?

I rather see the smart whales taking profits and covering than dumb high leverage whales get liquidated with yolo money

submitted by /u/obolli
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