Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
Well, the events described in this post happened. There was a short/long squeeze on the market and a further drop in prices below significant support levels:
Derivative markets contributed to the fall, namely option expiration, increased open interest, increased use leverage by short traders, etc.
Derivative markets contributed to the fall, namely option expiration, increased open interest, increased use leverage by short traders, etc.
Next option expiry will hurt.
I just hope that when the uppity resumes, it will be fast and wild enough to reck some of these paper dealers. Eventually, they will need some physical corn to cover. My wish for them is that they have to scramble and marginally buy it at 200k+ apiece.