April 2023 the shorts went up 6x over night (from average of 500k last 20 years to 3 million+).
The market is strangling those shorts and until those shorts are dead, the market wont fall. Few of them fell in the last week but the short positions are way too high.
Once those shorts are extinguished the markets will fall to "real" market values.
I love Redis and what its done for the world but my favourite antirez project is LOAD81, which I think is just a few core modules away from being an amazing new platform for content sharing .. ;)
Imagine we have a network of LOAD81 users who share Lua bytecode instead of HTML .. hmm ..
https://ycharts.com/indicators/cme_sandp_500_consolidated_co...
April 2023 the shorts went up 6x over night (from average of 500k last 20 years to 3 million+).
The market is strangling those shorts and until those shorts are dead, the market wont fall. Few of them fell in the last week but the short positions are way too high.
Once those shorts are extinguished the markets will fall to "real" market values.