So we are sitting on an 11% swing and people are jumping off bridges? Ok you guys are going to really lose your shit if we have a 20% swing. Which is supposed to be a normal daily occurrence in Bitcoin
That confirms my suspicion that we have not shaken all the weak hands yet. $20K can't happen before properly doing it so better now than later.
Actually, that was masterluc's thesis as well.
Btc has to spend a bit of time bobbing around 10k to get rid of weaker hands (at this level).