The more bitcoin privatly held outside centralized custody the less bitcoin available for short sellers to borrow. Don't feed the beast hold your own keys!
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Bitcoin could do the funniest thing ever, and go to $117,000 to wipe out the shorters then down to $50,000 to wipe out people on leverage.
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I'll point it out every time - left hand and right hand scales are different. There are 100x more shorts than longs. A price move up will turn into god candles pretty quick