Tom Lee's Year-End Defying Trend: A Buying Spree $ETH + Massive Staking and Locking Up! He had just posted his views: 1. Institutional investors are on holiday, resulting in low trading volume 2. The market is dominated by algorithms and bots 3. Many investors will sell their losing assets. Immediately afterwards, he spent $97.6 million to buy 32,938 #ETH. Furthermore, he staked all of his over $350 million worth of #ETH.
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Thomas (Tom) Lee (not drummer) FSInsight.com
@fundstrat
Typically, in these last ‘holiday’ trading days, many institutional investors have stepped away from markets
- thus, bots and robots
- plus, tax-loss related selling
Dominate
This is the dynamic in the final days of December x.com/bitmnr/status/…
Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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