Because of the common ownership:
- Are some of these folks pure short-term gamblers? Yes, a bit..
- Are some of these folks clueless about the excessive valuations (i.e. exorbitant valuations)? Yes, a bit, but they think it doesn’t matter!
- Are these investors facing fear and calls for liquidations? Yes, a LOT!
We call it “weak hands”
![](https://i1.wp.com/blog.tenviz.com/wp-content/uploads/2022/05/Business-lady-showing-her-bitcoins-in-hands.-1260x840.jpg?fit=660%2C440&ssl=1)