To be fair, how do you know when it's too high? Every youtube crypto wizard (with a goofy looking thumbnail...) is almost always saying "buy buy buy buy!!" Show me a youtuber who picked picked the 20% drop that occurred over the past weekend. It seems everyone is an expert after the fact and can easily assign reasoning to why things happened retroactively.
I think Hawthorn is referring to the Mt Gox settlement where billions are to be paid out to creditors... who may liquidate their owed holdings. It will be interesting to see what happens there. Short term swings don't influence me as I'm not a trader but things could get wild with multiple billions of BTC about to be released.
