It's down to $10,900. It was at $13,600 yesterday. What the hell is going on !?!?
Typical volatility. You can't rise $1,000+ a day and not expect insane volatility. There is a massive amount of emotion in this market right now. FOMO, greed, fear. Some people are massively over-leveraged. Add very thin order books into the equation and you've got a recipe for fast whipsaws that run through large ranges.
Everybody gets chopped up!
Like a fool I bought some at $13,600. Regrets?
You FOMO'd hard, LOL. I was on the other end of it. I saw a $2,000 daily candle and started selling into it. I was kicking myself for selling too early (began slightly below $13K) but I'm perfectly happy now.
I believe we will be back above your buy-in in the coming weeks, or at most, months.