My opinion is that the 100k 300k or so of large dumps were caught pretty nicely so far, but sucked most of the demand out of the system. If there were any supply, we would be way lower. I consider this bullish, because the demand will come back, while the supply will not - because it just doesn't exist. The only way it can go down is for the holders to become pessimistic about the future or optimistic about prospects of short gains. And its a bit late for the later, at this point.
I suspect that the exchanges will lose at least half of their XMR holdings when the GUI is officially released. That's also roughly equivalent to reducing the float by half, and should result in a 4x rise in market clearing levels.
My intention is to accumulate below 0026, distribute above 0032, over the next week or two. Wider spreads than usual. Volatility should favor traders over holders for the short term.
I suspect that the exchanges will lose at least half of their XMR holdings when the GUI is officially released. That's also roughly equivalent to reducing the float by half, and should result in a 4x rise in market clearing levels.
My intention is to accumulate below 0026, distribute above 0032, over the next week or two. Wider spreads than usual. Volatility should favor traders over holders for the short term.
Very bearish post.
