So many people with a trading account all chasing the same thing. Definitely amplified this time around.
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Last time in Weimar it was paper vs gold and few other gold backed currencies on the periphery.
Now it’s bitcoin, gold, other PMs, treasuries, hundreds of fiats, stable coins and a bunch of shitcoins in there as pure noise. Add in global comms and it’s an unbelievable slurry of chaos.