Probably there is a cartel and for sure there is some kind of market manipulation. These are just waiting to let the prices below a certain, then they will jump back on the wagon and let it ride to new record heights. To do the same thing over again! This will keep on going as long as they are powerful enough and there are weak hands in the market.
I rather see my portfolio to go bankrupt then to sell my holdings to cheap to a whale, laughing his pants off.
But we have to face the fact that the market is ran by sentiment!
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I share that sentiment 100%!