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Reasons for the decline:
1. OpenAI delays IPO
2. Pension fund rebalancing
3. Storage companies collectively sued
5. South Korea expands production
I can barely find these 4 reasons, and honestly they all feel like stupid news — how can these even count as bearish signals?? 😁😁
Ask yourself these questions:
1. Has the storage fundamentals changed?
2. Is storage no longer in shortage?
4. Is Trump no longer president?
If the answer to all four questions is NO, then bravely buy the dip! Seriously, it's purely driven by overbought conditions — they can't even be bothered to make up bearish reasons anymore. Wait until July 1st when institutions rebalance, and it will rally right before your eyes!!!
Discord is in the profile, buy the dip, hold long-term.