I'm no expert either but maybe some shorts got wrecked on the way up and other traders thought it was due to investors selling the news and decided to get out and sit on the sidelines to watch it play out?
https://twitter.com/StreetTraderJPP/status/1744885427298042139You and I know this has all been a rouse from the very start.
This is just how when crypto and corporate clash.
That is a fact.Just look at Mt.Gox, hacked then what Justin Sun is doing with his exchange, hacked too.
Didn't Binance also get hacked before or was it after the SEC made CZ step down as CEO.
It is all some sort of manipulation at play because that is just how the government rolls.
SBF must be laughing right now with #FireGaryGensler & #SECManipulation trending right after, can't see anything to do with spot getting an inch of clout tomorrow.