This Has Been A Massive Anti-Fragility Test for ETH
What we witnessed:
Insiders did not sell, with many loading up. They remained poised and focused on the tech.
Exchanges held up well.
<10% of total ETH was actively traded.
Those actively trading in this market revealed the type of inexperience one can capitalize on i.e. peak short interest at the bottom of the zero-news dip which will fuel the subsequent run. It's also the type of inexperience that accounts for major volatility during a period of btc uncertainty.
Those newcomers interested in a quick buck who bought late closed their positions/were margin called. Most will be back buying deep into the next run.
Everyone is looking for an optimal entry point, and a whole lotta smart money fiat (including institutions) is about to enter.
Posted Jul 16, 2017, 9:27 PM UTC