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I think it's potentially more interesting than that. It's hard to get figures to back up any speculation, of course... but it seems like this is at least somew
by marzell 6y ago
I think it's potentially more interesting than that.
It's hard to get figures to back up any speculation, of course... but it seems like this is at least somewhat a short squeeze. And it's potentially not just a bunch of gambling where people are gonna lose the farm...
The righteous narrative, for however much you might believe it, is that a significant portion of traders all basically agreed to each take on a small degree of risk in order to prove a point. People going big in, and not using the right instruments to ahem hedge their losses, are certainly gambling, but the proportion of these is not really clear.