The shorters are hitting the market - Bitcoin Price Hits 10-Day Low !!!
The shorters are hitting the market with big block sell offs to drop the price every time it starts to recover to try and force the price down to where shorting becomes as profitable as they'd like it to be.
the fact that the price is continually rising back up until hit with another multimillion dollar sell off block says that these price drops are engineered by trade strategies rather than real valuation.
if anything you can see that the fundamental value in BTC is SO STRONG that the shorters are now routinely having to resort selling off blocks in the 10s of million dollars range to force the price to fall, and the effect is so plainly artificial that they have to dump multiple giant pricey blocks to keep the price down for even a couple of hours.
This is why I'm not happy with the shorters, they're just delaying wealth creation for everyone so that they are advantaged in the short term.
While we pick up the tab. at least we can get in on the lows & make something for our wasted time.
There is nothing wrong with people shorting the market. That is how markets work. People buy and people sell.....