I assumed they were triggered stop losses. A good indication is when they will drop it to grab everything quickly and then put the bid and ask ticks higher than what they took so nobody has a chance to grab any. Typical market manipulation but it doesn't exactly mean something big is coming either.
I'm not bashing, just a bagholder for now at a much, much higher pps. That's why you don't see a lot of people selling, they would take too much of a loss. The pump back in March lasted several weeks and some in on it were Mods that had secretly sold out long before the summer, sucked in a lot of people IMO.
The evidence shows something "could" happen here but...at this point, who knows.
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