How exactly are they burning money ? They are making tons of money with Bitcoin. Bitcoin is going crazy. And at the same time miners are behind Bitcoin Cash. They get tons of expensive Bitcoin with their mining every day. If you or I buy this coin than we can burn money. For them it is not money burning. It is investing in their coin. They want to overtake Bitcoin and in order to do that, they will have to throw money in it. A lot is at stake for them if they want to make this work. And they really want to make this work. But anyway, lets see how this plays out. For the moment the bullish pennant is intact and a bullish breakout is still possible.