I wanna know whats going through the mind of someone selling here. Do they think this is their last chance of selling at 6K?
They realize that we're probably entering a bear market that could potentially last a couple years or more and want to take a small profit or cut their losses while they can.
Only if tether explodes alongside with bitfinex.
yep...but the silence on this ...could drag this down quite a bit...even if eventually it all comes to naught
ah hell, I'm kinda an ass anyway, I'd be more so if BTC was still at 18k........probably for the best.....
I still have the suspicion that it is in fact Bitfinex/Tether who are selling their massive crypto reserves to have the $2 Billion USD in Tether fully backed. If we would just know how much selling they still need to do for that...
yeah that is what I meant.....unclear...but it is sell/sell/sell time at bitfinex and tether right now to get their tether to usd relationship back to parity
my guess anyway, would make sense...that is what pumped the bubble..if they took all the air and went home..that would deflate it in the same manner