Retail investors selling into a thin holiday market just before the most crypto-friendly US administration ever seen takes over
NGMI
https://x.com/alistairmilne/status/1873753829617144302
So true…….
Paper handed losers……
I’m sure a lot of it is end of the year portfolio window dressing. Taking profits or selling for tax reasons. The speculators who were leveraged and getting wrecked isn’t helping though. I too think it is odd to sell now given the flood of money that is coming next year, but the outlook is always brightest at the top so I can understand why traders would sell here. How much better can the outlook for Bitcoin be? Now we wait to see if the tidal wave of cash coming next year is bigger than expectations.