Compared with the bottoms of the previous cycle and several earlier bear-market cycles, the consensus in this round (not just the consensus of retail investors/“grass,” institutions, giant whales, listed companies, ETF flows, etc.) is: as long as there’s another ~20% drop, or if prices fall to 50,000 or 40,000, then it’s a full-on bet—“all in.” The earlier bottoms didn’t have this kind of consensus.
So will the market let most people get what they want? I don’t think so. At most, there will be another rapid move that targets and liquidates the long positions—something like a swing of 5,000 to 10,000 points up or down within 5 minutes. Most people won’t be able to catch the bottom and jab in at the pin.
So will the market let most people get what they want? I don’t think so. At most, there will be another rapid move that targets and liquidates the long positions—something like a swing of 5,000 to 10,000 points up or down within 5 minutes. Most people won’t be able to catch the bottom and jab in at the pin.