I have traders who work for hedge funds in new york they shared some info.
We didnt even break 53k you are all on hopium. Lol
Yeah because historically hedge funds never lose all their money hahahaha
It's literally just uneducated white men on cocaine
renaissance technologies was the only smart investment firm there ever was
maybe scion 2nd tier
everyone else just got lucky
Hedge funds are irrelevant. Hedge fund 1 sees Hedge fund 2 open a massive short position. Hedge fund 1 market buys 500 million to liquidate Hedge fund 2.
They're not on the same side. They're all trying to take each other's money
They're all making independent decisions
renaissance pretty much invented a bunch of hft exploits and bought a location literally to be closer to the NYSE servers and they made a bunch of money just gaming the system at a deeper level than everyone else it was dank
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With that being said, as prices move past all time highs, hedge funds are definitely working together to transfer their positions to retailers who are fomoing in because they saw bitcoin hit 100k on the front of a newspaper
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Take from the poor!
I really love all the confidence in the room.
I still think it will dump. They are just trying to get all the hopium money in before they push the red botton.
"They"
Who?
Who do you think moves the market? Retail investors? Lol
Central banks dude.
Central banks own crypto?
News to me!
You have a lot to learn
I own my monero still not because I want it to moon I just like the technology
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All the liquidity is below in longs. Thats where "they" are going for now
Next 3 hours should be spicy