So we are closing in on the next ETF announcement from the SEC. Most investors on Twitter, Steemit and YouTube are expecting a denial. I see that there is a huge increase in margin trading on cryptos and that the same retail investors that pushed money into shitcoins now are doing shorts with high leverage.
If most people go short - then is it possible that we might see an epic short squeeze after the potential denial of the Bitcoin ETF. I have no data to back it up or knowledge actually. It just seems that almost everyone is in "bear mode" and margin trading have been "hyping" in different YouTube channels lately. This is defiantly not investing advice (ref read my other post, I am down 70%).
What do you think?