Was that an inefficient crash, or the reversion of an inefficient pop?
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Inefficient crash. The sell off took place in a single 5 minute candle.
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That was a scam wick and is how you get the regulator's attention and ultimately get your un-regulated exchange shutdown...
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Much better than the 8,6k bitmex wick. Gonna trade full time FTX for now on.
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Strange, the people that were short are praising the wick..
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Long squeeze, so the reversion of an inefficient pop.
I like the terminology you use for that
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