This explains $BMNR pretty well. At $40, there was a denial that it could fall further (i.e. calling me an "idiot"). At $30, the full attack on Tom Lee emerged, with memes of bagholders lining up outside his house. At $20, everyone's now just depressed and no longer believes in $ETH. What's next? A bounce that people want to short or get out and forget.
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