> bursting would be much harsher as you would only have sellers
I'm not sold on how much of a cushion that is. Shorters want it to fall as much as possible, in an ideal world all the way to zero so they don't effectively owe anything. There's no reason for them to buy until they think it's hit bottom and they also have incentives to drive the price lower with bad press and any other manipulations they can think of.
I'm not sold on how much of a cushion that is. Shorters want it to fall as much as possible, in an ideal world all the way to zero so they don't effectively owe anything. There's no reason for them to buy until they think it's hit bottom and they also have incentives to drive the price lower with bad press and any other manipulations they can think of.