Replying to Avatar Nunya Bidness

I think #ETH bag holders are using this as cover to dump their ETH positions without crashing the price.

I’m not exactly sure of the mechanics of that but my gut is telling me that they are bailing out of that dumpster fire. nostr:note1ux900k5xzvjn0txr272t98qqerk4szqgmfn98dm2d7dmg39fxe0qrrr4mw
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TBH 1y ago

I wonder if there’s an effect for these “traders” where when there is a catalyst for selling - they do, but when it’s time to buy back in, they look at ETH vs BTC one more time and make the switch. Would seem to explain this pattern. Self reinforcing

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