The price was pushed down to 1.6 by long position closures, and the major players pulled it back up to 2.5 again today. Based on the current liquidity data, it would also make perfect sense for the price to double again to $5.
The market is in a really bad state. No matter how the major players pump and dump to create volatility, retail traders and the market don’t seem to be buying it anymore.
They won’t rush in to short at the highs like lab rave ake, and join in on the hot-token speculation.
If even the major players aren’t making money, and the market manipulators stop creating volatility because it’s no longer profitable, this market will become even more boring, with even fewer opportunities to make money. $BTW
The market is in a really bad state. No matter how the major players pump and dump to create volatility, retail traders and the market don’t seem to be buying it anymore.
They won’t rush in to short at the highs like lab rave ake, and join in on the hot-token speculation.
If even the major players aren’t making money, and the market manipulators stop creating volatility because it’s no longer profitable, this market will become even more boring, with even fewer opportunities to make money. $BTW