I was wondering, might we have a lot of speculators who don't actually believe the price will be stable above 9 or 10 any time soon, but intend to ride an echo bubble, hoping that it would become similar to the first, so they can sell at a peak within the next weeks?
It would be hilarious if people thinking that drove up the price and now play a staring game, as whoever pushes further now might be sold into by the other players and become the peak trader himself.
But it really couldn't be this way, or could it?