brock on Nostr: I understand the concept but based on history, *most* profit taking should be on 6-9 ...
I understand the concept but based on history, *most* profit taking should be on 6-9 months. When there is mass euphoria from the new coiners. Cutting a sizable chunk from your stack now seems stupid AF. Also, the coin balance should be getting tighter … supply dynamics should be hitting by now - they don’t seem to be hitting yet.
Just seems suspect to me … if we were $175k and pulling back 20-25% I wouldn’t have the same skepticism. But being only 40-50% over the last ATH at this stage of the bull, I think there are some nefarious things happening in the background.
Published at
2025-01-09 14:44:21Event JSON
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