Originally Posted by
chrysaurora Also, is it possible to determine (roughly) how many shorts at what price level? I can see 137M shorts today but that's cumilative. Don't know how many shorted at $8, $10, $12, $14, $15
From the graph,
- it looks like there were 100M shorts when price was approximately $8.
and
- approx 140M shorts when price was approx $12
Now, how many of these 100M shorts (from $8) have already covered these positions?
Basically, I am trying to determine the "price point" at which majority of shorts will neutralize their losses. Say, if they all shorted at $10. Then as soon as the price gets down to $10, the shorts would end-up breaking even. So, what is the price point that these shorts are waiting for?