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RE: Curious why Bitcoin dropped and then popped the last few days?
I had a lurking suspicion that this was in fact the case. The short-squeezing is becoming a little too obvious because we get INSANE volumes in very small time frames. I was watching the charts the last time we had a little pump from $6,100 to nearly $6,500 and it happened in about an hour total. The low liquidity and immaturity of these markets is very apparent still.
Yep, there were even some rumors that tether was being manipulated again to cause a short squeeze. I am not sure what to believe regarding all the tether rumors to be honest. If it was as bad as some claimed I would have thought it would have collapsed by now.