Massive short interest in BTC, data in post

https://datamish.com/btcusd/7d

Yesterday, 6.4k BTC in naked shorts was opened. This means that presumably hedge funds have borrowed BTC at a probable price above 36k based on the time of the short interest.

The last time large short interest occurred was May 17th where 11k BTC were naked shorted leading up to the May 19th crash.

Large naked short positions typically have two outcomes. The price drops and the hedge funds make a lot of money meaning we will see the price of BTC drop. Or you get a short squeeze like GME where the price of BTC will have a large upwards movement.

Assuming the 6.4k BTC was borrowed at approximately 36.4k on average, we can roughly estimate 233 million dollars was used to short.

44k BTC are in longs. This is even more BTC in long positions than May 19th. If shorts were able to drive the price of longs down to liquidation, we could potentially see an even bigger crash than May 19th.

233 million by itself can probably only bring the price down by 1%. However, given the nature of margin trading, timely pieced news articles from China and Trump, shorts could attempt a MASSIVE long liquidation very soon.

Conversely, we could see a large upward movement if there is enough buying pressure from retail investors.

Please help spread awareness about short interest. If enough people like Michael Saylor buy a short squeeze can occur.