Anyone wanna comment on the news that it was an F2 mining pool that dumped a ton of coins and shorted that caused the massive downward pressure a few days ago effecting the price. Does that make sense?
The Elon effect took place in under 1hr before it started getting belted.
Out of all the people with vested interests in BTC, would you believe it was miners who were in guard duty watching like a hawk and immediately crushed the price?
Miners who don’t hold short positions.
Miners who hold coins and want the value to go up.
Miners who saw Elon’s impact and thought ‘fuck me I better stop this price from flying up’.......
Ummm definitely not miners. They can’t whack sell orders so hard it wipes 2% off the price and consumes the order book.