While price hasn't changed over the last couple of weeks, the optimism behind Bitcoin has all but faded away. Its about 62% Short vs 38% Long right now, very close to a record according to the data provided here. While many people were looking for a price capitulation event, I think this might be more of a psychological capitulation event. I still think the price is about to pump and I prefer to go against the crowd on this one and hope we get a short squeeze for the record books. GL Longs.
