Quote from: johnwest on June 22, 2021, 03:07:21 PM

Looking at the market fluctuations, it clearly shows that this is panic selling and nothing else. There are too many investors and newbie investors who have bought when the price was high and I don't think they are able to withhold the pressure and selling their holdings wherever possible. We are also seeing that the diamond hands like Michel Saylor, etc are buying this dip heavily, I mean buying 13k Bitcoins is not a small thing.

I do not think so though. It clearly showed to me that stop losses were triggered but also then that buyins all took their time today as we saw from 15% market rise in just a few hours.

Panic selling creates domino effect which should have seen Bitcoin drop even further down but it did not happen. Instead optimism and rebound happened.