The Longs Must be Mad!
I will be confounded if the price action doesn't collapse very soon, but as they say 'the market can be irrational longer than you can be liquid'. The number/volume of people going long here should have had dramatic upward pressure on the price, which shows to me how bearish the market must be. The linked post highlights my thoughts, but if we are ever meant to be fearful when everyone else is greedy, this is it. The only question is when, and how low.
I will be confounded if the price action doesn't collapse very soon, but as they say 'the market can be irrational longer than you can be liquid'. The number/volume of people going long here should have had dramatic upward pressure on the price, which shows to me how bearish the market must be. The linked post highlights my thoughts, but if we are ever meant to be fearful when everyone else is greedy, this is it. The only question is when, and how low.
