Post by
zenith9 on Jan 02, 2021 1:50pm
Institutional selling into retail FOMO
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 :)
Comment by
Waxwing on Jan 02, 2021 1:59pm
Did you end up buying back in Zenith?