Bitcoin is unique in that most of the traders are tied into being in one of two positions - either btc or usd. There arent a bunch of other stocks and asset classes for them to trade. They're not leaving the market. They're staying on the bitcoin exchanges with an eagle eye on the chart and soon as there is a hint of a reversal they have to all pile back in at once because if theyre on the wrong side of the market then theyre losing and wasting their time on high risk exchanges.
Something which, with some goodwill, could be interpreted as bullish from Tera?
REVERSAL CONFIRMED!
Tera isn't actually a one-way permabear IMHO. More like a cynical contrarian skeptic.
I heard her warning on the way up. Felt like getting more severe the higher we got.
Now I sniff the wiff a reversal in her opinion while I see more doom around.
I guess the cynical contrarian stance makes her a better trader than most around here.