IMHO, the price action we’re seeing is indicative of spooked traders in their first year of exposure to bitcoin. Instead of just retail exchanges, now we have institutions and retirement funds at the table. But it really just looks like the same thing on a larger scale.
“Price is going down, I’d better sell!”
Don't be a spooked trader lol. Just follow me to get the direction with an 88% accuracy rate posted daily by 12:00pm ET....
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nostr:nevent1qqsrsjcqj89ewe0ngw2xu4uamqlk8elhxmvq9kaalgevqnj3fh5mntqpz9mhxue69uhkummnw3ezuamfdejj7q3qaeh2zw4elewy5682lxc6xnlqzjnxksq303gwu2npfaxd49vmde6qxpqqqqqqzm8l30c
The carry trade is unwinding.
What retirement funds have added corn?
Self-directed IRAs, mostly.
Oh okay gotcha I was thinking pension funds, haven’t had any coffee yet 😆
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