RE: Funny old day today18 Feb 2021 19:48
I've had a look back on what happened this afternoon, and come to the conclusion it's got to be the MM dropping the price quickly, with the excuse of the BTC dropping very little, and then scooping up stop loss when ever they feel like it, this panic's weak hands, and so the down trend starts, then it slowly ticks back up every time.
I looked at the time between 3pm and 4pm.
At 3pm we had a share price of £3.08 and BTC at $52261
At 4pm we had a share price of £2.68 and BTC at $51556
So we went down over 10% for just a 1.3% drop in BTC
But if the BTC goes up 1.3% we don't go up 10%+