So to all you who refused to buy at the bottom, waiting for a price that now obviously won't ever come, are you buying now? Are you still hoping for a magical 50%+ drop from these prices? Will you wait for like $7000 or $8000 or $10,000 before you start buying? What is your strategy now that you watched the entire bottom go on by are missed it entirely?
They're giving in and buying now. That's how short squeezes work. It's the same psychology that makes bulls capitulate and sell at the bottom.
The fact that you're celebrating like this is an indication we're near the top if we haven't topped already. We
may have seen the bottom for the 2018/2019 bear market but regardless, we're in for some blood now that bulls are getting so confident.