"Since every trader, hedge fund and their aunt has been piling into 10-50:1 leveraged BTC shorts on CME/CBOE futures like a madman for volumes far in excess of anything quoted on CMC for the better part of 12 months,
we might be in for the mother of all crypto shortsqueezes. They've basically sold more coin than exists several times over. For arbitrage to close the gap arbitrageurs would have to
buy coin that doesn't exist, which means the short holders are sitting on shorts they can't close cause they'll find nobody
to take it off their hands, and they'll find nobody on crypto exchanges giving them the coins to a neutral position because the coins don't exist."
