IsThatBrothaMouzone?
Superstar
No, they got liquidity by dumping the crypto the past 2 days
there attacking to attack, they have no other options
Exactly.
People don't realize that the hedge funds have invested heavily in crypto.
It's not a coincidence that Bitcoin, Ethereum etc., have been struggling for awhile. HFs know crypto may be a long play but they are bleeding money right now trying to get AMC/GME retail investors to sell.
They know they're fukked so this is like chucking hailmary throws up late in the game. Gotta shake as many apes from the tree as possible.
Problem for them is the continuous loop. When they drive prices down, people just buy more. When prices are steady, people buy more but at a slower rate. When prices rise, people hold.
They want to buy back OUR shares at THEIR desired price.
Best analogy is to imagine someone that doesn't want to breathe air from the environment.
They (hedge funds) have a bunch of oxygen tanks (dark pools, synthetic shares etc) but are starting to run out of these tanks.
Now, rather than breathing the regular air (buying our shares at OUR price) they are holding their breath (ladder attacks, selling off their crypto etc) hoping "something" happens that can save them.