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RE: BTC Shorts Increase 50% As $100m Tether Moves To Bitfinex
Do you not think that the shorts are based on Bitmain's IPO launch, predicted this month, that will crash BCash and have a knock on effect with the remaining market?
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.
I personally don't think they are related.