Hey brother I'm just gonna copy and paste what I sent on Reddit:
Personally, I think what we witnessed was funds driving the price down which reflexively drives selling from retail holders.
Given the characters at last nights dinner and the obvious feeling that it was to discuss F2, We were bullish going into today and optimistic. With that being said, That initial dive in price creates an even more visceral reaction from retail. Me included.
So many holders have F2 PTSD from being boned so many times that the early dive was convincing that commons were doomed. Watching your massive profits fly away that you waited years for has a strong effect. Many capitulated.
For them, It’s far easier to accumulate large piles of shares by driving the price down. It’s like retail just hands the shares to them. And it gives them all the upside when the details are finally announced.
They don’t get the same buying opportunity when the price is ripping up.
Just one example but look at this 9:54am 400k+ shares gobbled up on a relatively tight spread.
On the plus side, the more shares that get into the hands of these funds, the better the price action will be when things actually move. Creates for a tighter tradable float. That is if you make it to IPO day.
Many funds are underperforming for the year, so don’t be surprised by the tactics used to position themselves to win out the rest of 2025. That goes for f2 and the broader market.
Today’s overall market didn’t help either.
Hold on fellas!
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