RE:Institutional selling into retail FOMODid you end up buying back in Zenith?
zenith9 wrote: A couple months back all these big BTC spikes were during business hours. However these days it's weekends and holidays. This tells me that the current run up is purely retail fomo. You can see bitcoin having these 1000 dollar dumps every so often. I think institutions are already selling into the fomo. But who knows for sure.
BTC will probably correct by monday as it always does. Then hive will stay mid $2 dollar range again. Only thing that's gonna make hive go big is massive short covering. It looks like we have 100m shorts.....not sure how accurate it is but means that if BTC keeps going up we could have a major short squeeze. Be ready :)