Yep, and the shorters and those interested in picking up dirt cheap miners will push it down as hard and far as it will go on a very cheap spot price. It’s about emotions and appearances. And in terms of appearances the spot price represents a small part of the total transaction prices. I don’t think it’s about the merger apart from that just creating a lot of added uncertainty and fear.
This feels like it will be a repeat of the last crash with a faster uptick in pricing.
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