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There will be a huge exodus in bitcoin tomorrow. They will all have to sell because of the bitcoin price, right?
This is what I am interested in seeing. Are etf holders going to get spooked and sell or buy the dip.
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They dont have a choice, right? The etf will sell because the price has gone down? I see the people in etfs as having weak hands.
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The etf will only sell if the shareholders sell. It is not a forced seller due to the weekend price action.
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I had the wrong idea the whole time. But I can see a lot of selling happening because the price dip. ETF buyers dont even want to have their own coins, they are one foot out the door already.
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Yes quite possible. Many see bitcoin as a risk asset and they will want to sell in a major drawdown.
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That means....bitcoin might plunge even more? Let me get my wallet out, time to buy more! Got to bring these meme out!
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20 sats \ 1 reply \ @grayruby 5 Aug
Save some memes for tomorrow.
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Haha, this is the only good one I have.