Maker's recent pressure isn't just due to a weak market; the key issue is the diminished "buyback expectations": Treasury has dropped to around $13.5 million, hitting a historic low, while the token buyback mechanism has been slashed from 75% down to 7.5%. This effectively reduces the core buy support that the market previously relied on.
In the short term, if $MKR lacks new capital inflows or fundamental catalysts, the price may continue to feel the squeeze; moving forward, key points to watch are whether the treasury size rebounds, if the buyback pace adjusts, and whether market confidence can be reestablished. #Maker #MKR
In the short term, if $MKR lacks new capital inflows or fundamental catalysts, the price may continue to feel the squeeze; moving forward, key points to watch are whether the treasury size rebounds, if the buyback pace adjusts, and whether market confidence can be reestablished. #Maker #MKR