When do you think it'll stop? On its way back down? Up to $260?
When those 23000 in BTC swaps on BFX get force liquidated. It'll not go st8 up, but they will not be able to exit w/o driving the price up and squeezing the ones who don't. When you're on the losing side, the first person to defect loses the least.
Started a long at $257, should get out now?
A margin long? I dunno. Prolly not. If you just made a strait buy then I'd hold. I suspect we'll get a pullback to ~252 or more before the next leg up, but I could easily be wrong. It's a lot easier to hodl when you have a lower base price.
Sure is hard as hell. Its 11 pm and I can't sleep lol