1/ Is there evidence that short interests are suppressing #…

There absolutely is evidence of concerted shorting on Bitfinex...that is the only reason they did not delist BSV

2/ Since March '19 the diverging trend of BSV Shorts on a percentage basis shows that BSV has undergone massive short interest over the last year. While BTC Longs, BTC Shorts, and BSV Longs have declined, BSV Shorts are 282% above the starting level.

3/ BSVUSD price (yellow) overlaid on the BSV Shorts chart exposes a peculiar pattern of shorts chasing price spikes. In March of 2020, heavy BSV short interest took off and has persisted while BSVUSD price has remained relatively flat.

Price doesn't matter only utility. 5$ is 5$ regardless of how it is sent or spent.
Lower the price, the cheaper our buy in

4/ With rising price and increased media attention one would think BTC Longs would be increasing relative to BSV Longs but, the opposite is happening...

Good points and analysis. Perhaps as USDT is used to pump various multitude of coins, it is also used to keep a particular one suppressed.

5/ Shorting is generally a sophisticated investor strategy.

To assume it's a bunch retail haters shorting BSV seems unlikely considering the potential risk of unlimited losses.

The big risks of short sales: https://tinyurl.com/5xapjm9f

Don't look at any data, just be a drone.

(... ... an alpha drone!) 🤣🤣

6/ If it's sophisticated investors who due extensive due diligence, it's rather surprising there's this much short interest (nearly 50x more BSV shorting than BTC) considering BSV's successful scaling capabilities, low fees, and mining profitability.

7/ Large corporate & institutional investment going long BTC acknowledges it's extremely volatile & a high risk investment. To go another step further in terms of risk to short BSV so much starts to look rather suspicious of who is doing this.

Spot on! Why not delist like the majority of exchanges unless it serves a purpose...

I'm with you on utility & assume you would agree down the road that utility drives the value up. This topic has been mentioned on a couple streams & I wanted to explore it. Considering theres short squeeze potential when price takes off, could be parabolic

/pay @2484 $2.18

Yes there are no other proof of work chains that can do what BSV can. I have tried several. BsV works and will allow real opensource development.

Nice analysis @2484 . Often thought It would be useful to analyze wallet address balances & movements by date in conjunction with short/longs/price.

Thank you, cheers!

My bet is those are naked shorts out of Tether that can’t be squeezed until Tether can put on more from CoLaTeRiNg whatever. I mean, you wouldn’t take profits on such short over such period yet?

Shorts are an effect of smart mining pools that take advantage of the DAA. The pools come in with high hash, mine a bunch of 1 min blocks on BSV and pay out in BTC, meaning they instantly sell BSV that normally would of been held for a while by miners.

The consistent selling pressure makes shorting BSV advantageous.

This is only the tip of iceberg.
https://cryptocassandra.medium.com/why-i-think-tesla-didnt-buy-btc-at-all-psyop-378490ce854d

it was even the reason given tonpeople asking for delisting lol

Binance delisting BSV while also mining it proves they are shorting it. Preventing it from being sold on the largest markets keeps it suppressed. But if and where binance is actually selling it is the question.

How do you know they're selling instead of holding?

I don't know for sure what they are doing with their bsv they mine but they are not allowing others to buy it on their platforms. Why, when they sell hundreds of shitcoins that don't have a mainet or even a wallet, like Celo.

It would make sense that they're selling it to suppress the BSV price. I was just wondering if you had direct evidence of that

No i don't, but if there are not buyers purchasing $1200 worth of BSV every 10 minutes then the price will decrease. But the most obvious sign of suppression is the massive smear campaign and closing of markets.

About to drop my own thread inspired by this /pay @37361 $1.00

Hey @2484 - great analysis. I guess this shorting behaviour would only be 'manipulative' if it was naked shorts... That way, sell demand can be created out of thin air... Is there any evidence this is the case?
/pay @2484 $5

Tricky question as naked short selling is not necessarily always nefarious. It often is abused giving it the bad reputation. Whether or not it's illegal I believe would depend on jurisdiction and even then I don't know if it applies to the crypto markets.

I don't know if a system of measurement exists for naked shorts.

I'm wondering to myself if for example looking at a day's change in short interest and comparing it to the volume for the day on that same exchange could it provide a lens into this...?

I played around with this thought and unless there are obvious outliers in the data I don't think it will work. A lot of the short interest has been cumulative over time which begs another question -

who is carry/growing such a large short position over an extended period of time (over a year above 70K) and continues to pay interest to keep the short positions open? Eventually interest charges could eat away any profits