they could be trying to manage to a gradual squeeze vs. a one day, two day, weeklong moonshot. the economic and political implications of a sudden squeeze would be pretty messy.
That’s what I think they’ve been doing more than anything.
All the talk about them doubling down and kicking the can down the road, I think they’ve moreso been
trying to lay some groundwork to gradually manage this thing into the hundreds / low thousands, as opposed to where it could really blast off and fukk the whole market up.
Whether that works or not who knows, all I know is the ATH wasn’t reached it’s first time up in June