QUOTE(blueblueoutofblue @ Jan 7 2021, 04:36 AM)
You are playing against :
Institutional client
Government sovereign fund (like Temasek will buy btc as investment reserve)
Bank (building crypto exchange to serve its own client, and traditional client)
Btc will have a long bull run, correction definitely coming, but it will keep breaking ATH on almost weekly basis until February
Unless you have 1B to short, which only using 1% of ur fund to short, then good luck
I hope you are shorting to take profit when your already earn nice return
Sheep minded investor.
current BTC total market cap around $66B
so, to raise another 10% in btc price per coin, you need $6.6B cash injection.
every next 10% raise to BTC is tougher and tougher.
who benefit from quick rise & QUICK DROP of price?
Big player ( which INCLUDE those institutional client you mentioned )
What they want is not BTC keep rising,
What they want is BTC Price volatility.
if BTC Price stagnant, they get nothing.
So, if no more power enough to rocket BTC Pricing,
They release the valve to make BTC price vomit.
as long as, quick rise, or quick drop, they earn quick profit.
ONLY SHEEP MINDED invest ON BULL ONLY