AMC (SHORT LADDER ATTACK)
Just because the price is going down does not necessarily translate to retail investors selling. This could be due to short ladder attacks. Short ladder attacks are manipulation tactics used by hedge funds to engineer FOMO. It is done when hedge funds keep selling to each other back and forth giving the illusion that price is heading lower, but in reality they are buying and selling to each other and lower the bid each time. They are purposely. Buying at a high price, selling and re-buying at a lower bid to scare people into selling more. the fact that we even rose 20% is a testament to the fact that people still believe in this movement.
source:
marketrealist.com/p/short-ladder-attacks-explained/
seekingalpha.com/instablog/11442671-gerald-klein/3096735-anatomy-of-a-short-attack
source:
marketrealist.com/p/short-ladder-attacks-explained/
seekingalpha.com/instablog/11442671-gerald-klein/3096735-anatomy-of-a-short-attack
