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Thursday November 27th, the cryptocurrency market experienced a flush down which liquidated over $1.5 Billion in positions.
Bitcoin has been pumping relentlessly due to the overwhelming degree of institutional capital flowing into it. It reached a point where weekdays meant "pump" and weekends meant "dump" because the new guys only traded on 5 days a week.
Thursdays usually are a working day but not the latest one, it was Thanksgiving. Their strong buying hands were not there to hold the market and we are thankful as it gave us another dip to buy.
Our logic was simple: given their very high interest in Bitcoin, come Monday they should buying this discounted Bitcoin heavily. Monday came and they pushed Bitcoin to a new all-time high.
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