This makes a lot of sense. Shorts tend to get caught with their pants down and it tends to be a hard move when they do. With so many looking down, the rats jump ship when the price starts moving upwards.

We watched the weak hands get flushed out. Granted there might be a few more who throw in the towel meaning the price heads a bit lower. However, when it does bottom, cryptos make a hard turn.

We see 40%-50% declines come about rather quickly...runs of that much or more can come just as fast.

The shorts could have another week or so to enjoy it but then it is gloves off.