..and longs a LOT lower. But it'll probably only go higher as speculation peaks before the halvening, hope a lot of those longs are in etherpoop too
True, but I doubt most are in etherpoop. The thing is, most of the time big long positions are a recipe for disaster, which is why I was reluctant to jump into the breakout at first, but if speculators can correctly predict an influx of new money, then we are A-OK, and I think this has been happening. People who were interested in bitcoin before, and have been following it a bit are deciding they don't want to miss the train, and jumping on. The real bubble starts when we reach the people who haven't seriously considered investing yet.
The bull in me agrees, think(hope?) market is underestimating the effects and coverage of the halvening, expecting some wild swings during this month
Kinda scared me when longs went full retard and ate up all the swaps causing the daily rate on finex to jump to above 0.5%. If it'd held that would squeeze a lot of them