Since my last post where I identified how the launch of the bitcoin futures could result in a short trade being taken by some heavy hitters its clear they have been successful in keeping the price below from where the initial futures market started trading.
Most shorts would of taken some profit off the table after the initial pull back that occurred after they shorted bitcoin the question now remains can they achieve their 10 000 sub targets or will they be squeezed out by the bitcoin bulls breaking the all time highs. the game here is simple supply and demand and although bitcoin has plenty of demand and little supply dont forget the ability of professionals to manipulate and move markets. this makes bitcoin very unpredictable and due to the crowd in bitcoin they are volatile to big boy money games .
In conclusion we are watching to see who grabs control of this market, clearly since the launch of futures shorts seem to be popping up but if the buyers can adsorb this and break the all time high that would send alot of shorts scrambling if there are any and the squeeze could be as trump says YUGGEEE.