Bitcoin trades as a risk asset. It began dumping on the macro situation. I think there is a good chance it will crash further tomorrow with all risk assets
Discussion
OI has come down nicely. I think we can definitely drop further with bad macro especially if we get another MT gox distribution or US gov sale but liquidations should be over. “Should be” being the famous last words. Haha
Of course, I have also done well taking the advice that Jerry gave George on Seinfeld: "if every instinct you have is wrong, then the opposite would have to be right".