The odd thing for me is that this does not feel like panic selling ... just relentless selling pressure. Yesterday, when we broke below 120 we went into freefall ... this feels very different ... worryingly so
That's why i don't think we've seen the bottom yet ... no panic and not even that much volatility
This feels like people are throwing in the towel. Capitulation, if you will. With none of the hype and buzz having any positive effect on the prices like it used to and a growing distaste with feeling like the price is at the whims of the puppet-masters, it seems like people are ready to step away for a while and let this burn itself out.
Or that could just be me.