I think this is totally Scheduled pump by the wheals.
Due to ETF news maximum of traders were taken short position because they were sure this ETF was not gonna be approved or this may be extended. Bitmax has already announced its scheduled maintenance. Whales took its advantage. As Bitmax is under maintenance and trader are not able to exit from there short position whales manipulate the market and create a pump and take huge profit.
I exit my short @6400$ yesterday but dont take long position that is my big fault. lost a big opportunity to take huge profit
what is your opinion sir @moneyguruu
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No issue atleast you saved yourself from big loss, congratulations