Bitcoin - Over leveraged Longs to cause the next drop

BTCUSD Longs (BITFINEX:BTCUSDLONGS)

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BITFINEX:BTCUSDLONGS BTCUSD Longs

Right now there is $240,000,000 worth of leveraged longs on just one broker.

Imagine this scenario..

Big bag holders / brokers are loading up just as many short contracts as there is long contracts.
They unload their coins.
Price drops.
Over leveraged longs begin to margin call / liquidate.
Price drops.
Mass liquidation happen and the crypto market tanks again.
They close short contracts, cash in on the $240,000,000.
Buy all their coins back for cheap.

Yep.

Komen:

I have been short Bitcoin since June when the price topped out at $13,700 USD which was exactly $20,000 AUD so I could not resist the urge to close my longs and open shorts.
Since then I have been shorting every week watching the long contracts build up.
Right now I want the arse to collapse and I am positioned perfectly for it.

Good luck world.

Penafian

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