Bitcoin shorts rapidly dropping over the weekend.

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Bitcoin shorts rapidly dropping over the weekend.

A day ago a post on r/bitcoin showed the immensely high amount of bitcoin shorted, this of course sparked discussion on whether bitcoin would drop below 30k. However, now we see a huge amount of bitcoin being covered: https://www.tradingview.com/symbols/BTCUSDSHORTS/

Crab market? Bear market? Bull market? Who knows, but the shorts seem bullish (for now).

submitted by /u/LocusStandi
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