Will this many Bitcoin shorts turn out to be accurate?
Well, the answer to that, of course, is no. If everyone's doing the same thing, it's wrong.
Michael Saylor thinks Bitcoin is going to 300K by the end of the year.
If you wanted to be maybe a little conservative and divide that by two, you'd get 150K at the end of the year. Even if you don't believe that, when is the last time the herd was right?
Like the herd is never right. Everyone bullish at 74K, boom. Everyone short at 53K, whoosh. When you get everyone leaning one way, when you get everyone convinced, particularly when it surrounds negativity,
Negativity in crypto can go away suddenly because crypto is a beacon of hope.
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