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Bitcoin bears lack 'balls' to continue selling into 2022 — analyst
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Bitcoin (BTC) bears will probably be too "stoneless" to keep prices down much longer, fresh BTC price analysis argues.
In a Twitter series published Dec. 18, popular account Light summarized the events which led to Bitcoin's recent 39% correction.
A combination of macro factors and smart action from big players left retail investors holding the bags in both Bitcoin and altcoins, Light explained.
This was apparent before the comedown from $69,000 accelerated into December's liquidation cascade — smart money knew that such levels were unsustainable, and reacted accordingly.
"25% of derivatives OI was closed or liquidated. Billions upon billions lost. If people were cautious before, they were now properly risk averse," the account wrote.
After
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