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RE: BTC Shorts Increase 50% As $100m Tether Moves To Bitfinex

in #cryptocurrency6 years ago

I think the shorts are probably just because Bitcoin looks to still be in a bear market and if the price falls, there's still some people left that will panic sell. Whales can push the price down to a point where they're all gone and that will be the bottom. I think BCash crashing would have the opposite effect, it would make Bitcoin go up, as people holding BCash would sell and most of them would be getting Bitcoin.

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