Very interesting theory @mattclarke. The glass of water explained it beautifully. You make a strong point and I tend to agree with you regarding the whales not getting enough motivation to spend and buy more. Just a few hours left before the HF now..Fingers crossed :)
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I'm far more concerned about August 1st.
Steem forks are interesting.
Bitcoin forks are terrifying.
We are living in interesting times :)