[sgbuffett]

You can see a small bounce in reaction to bailout news before selloff resumes.


Smart traders will use this chance to take profit and get out.
Nothing much changed. Sam Bankman does not have enough to rescue it...understand its like throwing cup of water to stop a forest fire. All the naive people seeing this will mistake it as "worst is over". This is a common and deadly mistake made in every speculative asset collapse.

Because  bitcoin has fallen sharply thousands of leveraged players are just waiting for a bounce to cut and get out. This results jn a deadcat bounce. .