Back to where we started They bought it back pretty quickly and returned to the original levels
After the dump at the US open, a lot of new short positions started opening that's why we're now taking out a large batch of shorts with high leverage on the opposite impulse
I think locally they could even push it a bit higher, but still within the current range up to ~$80k. This range will be enough to clear the short imbalance, after which we should resume the drop.
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