Even as Bitcoin and several cryptocurrencies regained some ground after a tumultuous week, the market remains fairly volatile.
Hayes suspected the subsequent sell-off might have been caused by a forced seller triggering a big cluster of stop-loss orders.
Quoting the famed stock-picker and Berkshire Hathway CEO, Warren Buffet, Hayes also asserted that the crypto market is figuring out who is “swimming naked.” Hayes could be referring to another shake-out that would potentially expose many risks in the coming days. “Is it over yet … idk. But for those skilled knife catchers, there may yet be additional opportunities to buy the coin from those who must whack every bid no matter the price.”
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