Traders had many
#liquidated #shorts today after showing some over-eagerness to bet against markets. The largest shorts in 3 months acted as rocket fuel as
#BTC jumped back above $27k. We saw a similar price
#bounce when traders shorted during the March 10th bottom, when many traders suspected prices would continue plummeting. Instead, that previous
#spike in shorts instigated a month-long bull rally. Stay tuned to see if history will repeat itself!
Source: app.santiment.net - World's largest on-chain & social crypto analytics platform