BTCUSD: weak bears

The ETF application from ProShares were rejected, but the market didn't react as severely as many expected. Some minor drop, that's it. It may happen that this would used for a launch an avalanche plummeting of the price, but it didn't happen. One may suspect that the huge buyers hold the orders on certain levels and will not let the price go lower.

Interestingly enough, the preceding drop in price did not result into increase of the number of shorts. That's even more unusual.
There is a flavor of something huge is about to happen.