BTC - The shorts have broken to the downside

If you look at what has been happening with the price of bit-coin lately and compare it to what is now happening to the bit-coin shorts you can probably guess where this may be heading. If a full blow short squeeze develops we should see a significant increase in the bit-coin price. Maybe 1K+ in a very short time. Woe to those using leverage!

As you can see in this chart the bit-coin shorts have topped out and have now broken out of the upward channel to the downside.

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Some say TA on shorts does not matter. Look at the shorts and look at the current bit-coin price. I'd have to say they are related.

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Same 60 minute time frame