Anthony Pompliano

Got it.

I don't know if there's really a catalyst that you can point to as to what's driving the sell off in the same way.

Now, when we get towards the end of the year, there's a lot of people who say, well, maybe some fund managers will chase.

Some people look at Q4 as normally really good performance.

Bitcoin, I think average return in Q4 going back to 2015 is like 60%, 59%.

There's all these things of like good performance, but then the dynamics you're talking about may be counter to that.

Dan Ives came out on Friday morning, and he said he remains firmly bullish.

He believes that this is kind of a short-term panic, and there is the sell-off, but he sees us rallying hard into the end of the year.

Eric Balkchunas pointed out that on Thursday and Friday of this week, there was actually pretty low volume.

There was a spike, but it wasn't even in the top 20 days from a volume perspective.

And therefore, that usually signals some type of short-term lived drawdown rather than like a full-on panic where you get a really big spike of volume.

And so he's like, again, who knows what will happen, but that's kind of a bullish sign.

And then you've got somebody like Orion Dietrich from Carson Group who points out that Monday, Tuesday, Wednesday this year have been fantastic performance.

thursday friday has actually all year long been negative and thursday being the biggest drawdown day of the week when you look at those factors of what i would consider less like single name assets and more kind of structural or trend based stuff do we rally into the end of the year do we go sideways are you worried we go lower like how do you start to think about okay we got six weeks or so left into the end of the year here are you bullish bearish or kind of agnostic

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