..... 16,000,000 USD is still not a powerful number in this market, be it long or short. but not to contradict myself, I believe short squeezes will affect the market not because there are more or less of them, but because of who has gone short, and where they have gone short. The key is panic, panic moves the market by market orders.
Those traders sitting quite content with longs are not necessarily going to be squeezed if they prove to be stout, 16 million USD can be ignored.
What I see is that the market found a natural bottom after panic selling. that pressure has been relieved, and there is no more until something bad is confirmed by the chinese govt, and even then, the market is partially prepared.
Those traders sitting quite content with longs are not necessarily going to be squeezed if they prove to be stout, 16 million USD can be ignored.
What I see is that the market found a natural bottom after panic selling. that pressure has been relieved, and there is no more until something bad is confirmed by the chinese govt, and even then, the market is partially prepared.
I keep thinking if Bitcoin can get into the 100 billion dollar market cap, then the manipulation will become a lot more difficult... but if the market is still driven by 200 million on the exchanges, then the exchanges can drive some of the volatility b/c it does NOT take a lot of money to manipulate... even compared to gold.. with approximately a 7 trillion dollar market cap.




