14% is not so crazy if you zoom out and check overall volatility of BTC and how it's in "correction" phase of a larger seasonal super-bubble. It's just speculat

14% is not so crazy if you zoom out and check overall volatility of BTC and how it's in "correction" phase of a larger seasonal super-bubble. It's just speculators returning to "normal" in expectation of returning back to bullrun. And volatility itself is understandable if the fate of BTC is either $0 or "replacing all base currencies and monetary use of gold, oil and real estate" which yields more than 20x higher than current price. There is no middle ground and market will be in a volatile "land grab" or "price discovery" until it flops or saturates monetary needs of everyone.