I could be' strong, but seems to me that the price is rising mainly because people running form finex, and other people arbitraging this as much as they can.
Anyway, the reasons doesn't matter, if the price skyrocket again I suppose a lot of new people will FOMO in soon, even without having a clue about what's going on.
We gotta take a lot of this assessment of Bitfinex's situation - and the supposed dire Bitfinex/Tether circumstances with a considerably LARGE grain of salt. Of course, some folks will be leaving Bitfinex, and also some folks will be removing their coins from exchanges too, but those changes in liquidity can also provide real decent BTC pumpening potential because there are then fewer coins on exchanges, causing BTC's price to go UP rather than an anticipation that BTC's price should be going DOWN.
How far, and how long the pumpening effect can last continues as a significant UNKOWN, likely even to BIGGER players, and surely at some point we are going to experience the 30% plus BTC price correction that a lot of us long-term BTC monitors anticipate - yet, such 30% plus BTC price correction would not necessarily justify either fence sitting now, nor shorting nor selling a decent quantity of your BTC stash, especially, like someone else here had recently asserted, such 30% BTC price correction might (no certainty of course) end up taking place ONLY after this particular BTC pumpening has played itself out - perhaps now, and perhaps also NOT until BTC gets into a $10k-ish price arena.
Bitcoin price dynamics = a never ending mystery... and a "bane to the existence" of this thread.... hahahahahahaha
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