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I think they are? that's the financial engineering they're engaged in, no
(just limits to arbitrage etc kicking in)
Is it just literally the time required to make the required financial moves?
The assertion is that a 3x is just sitting around staring everyone in their stupid faces, while we fail to capitalize on it.
Yes.
Again, plenty of trapped capital in fiatland and limits to redemption and shorting. Makes some semblance od sense to me
Ok, it makes some sense to me too.
What does this do for your bearish thoughts on bitcoin price?
Not sure yet... It's things like these that make me wonder why on earth the price isn't 500k or something
Maybe it's as simple as not enough capital being controlled by people who are comfortable holding their own keys.
Shouldn't they be buying up tons of Bitcoin at $93k if they can "sell" it at $270?
Either that's not quite right or they're very very stupid.