All of crypto is shorted so much right now it's surrreal. As the price goes up again in the current cycle between $5900 and $9000, loads of short positions are going to be automatically liquidated. One sudden price spike, and people are going to rush to get more capital into their account to prevent automatic liquidation of their position, and will be willing to pay insane fees to get it confirmed now.
Get ready for 1000 sat/byte to be typical if you want the first confirmation within an hour.
[link] [comments]
source https://www.reddit.com/r/btc/comments/97zhpj/the_comming_series_of_short_squeezes_is_going_to/
No comments:
Post a Comment