Now it’s people/institutions shorting. Speculatively and as a hedge.
When the snap back comes, it will be far more violent than this sell off.
Said another way, it’s the fuel that propels us to sustainable new highs.
Strap in! 🚀
Discussion
I agree. This is a strange feeling pull back. I forgot that 99% of people think that bitcoin is a "speculative asset" that should be sold when the "markets" drop.