@envoimoney @J0E007 It's just semantics, people with less money trade, people with a lot manipulate, they have to, how else do you "trade" size. The point was, giving away your position is how you lose $6 Million
@CredibleCrypto My 2 cents
Buyers won't rush in until conf (HH)
At bottoms MM/CO have to absorb remaining supply (lots of absorption lately). And sponsor a move up (that seems to be happening).
On the other hand, @22loops calling for 2K scares me, maybe he wins, maybe not.
@CredibleCrypto I'm undecided, but one thing that doesn't make sense for redistribution is the amount of absorption, those buy walls have absorbed quite a bit and the CVD has shown more supply is being absorbed than demand. So if it is whales, I think they'd be net long, not short.
@nebraskangooner Some of these pushes up do feel like filling shorts, volume was meh to okay, so much absorption though. MM has done his job, I'm confused ๐ค
@youngtilopa@tradekek When sells were being absorbed, tensor delta was like > 6:1 for sells and the price barley moved, clearly absorption. Now the delta is roughly 1:1, what is CVD? I must be missing something.
@22loops Now that your shorts over, could you ask Huboi Lin to pump $BTC to 11k? Just tell him my friend Snap wants to meet the man that's "Got the power" to bring BTC "back 2 life" (his words, not mine)