ликвидность

👇Corporate investors are accumulating more than 6 million ETH amid falling prices.
Sales volume #NFT in November reached a yearly low.
The CEO of Polymarket claims that the company is operating at a loss to focus on market expansion.
Saylor: #Strategy will not issue perpetual preferred shares in Japan for at least a year.

Liquidity shows more than any forecasts
Every time the market weakens, one question arises: where will the final bottom of BTC be? Many refer to round levels — 60k, 55k, 50k. But the market does not focus on nice numbers. It focuses on liquidity — on where the largest clusters of liquidations and stops are located.

The crypto market has grown, becoming larger and more complex — but most traders continue to look at it as if it's still 2017.
That is why old models have stopped working, and the familiar 'bullish signals' have less and less effect.
Today we will analyze two processes that radically changed the logic of the market, but about which almost no one talks.

Most people look at the market through a single tool — the chart.
Candles rise → 'bull trend'. Candles fall → 'bear trend'.
But this approach has one problem:
> 📌 The chart is a consequence.
> 📌 And the decision is made by those who see the reason — the order book and liquidity.

For many years, the crypto market was described by a simple formula:
> 'Every 4 years - halving, growth, peak, decline'.
But today this scheme is increasingly failing.
And the reason is not the 'unpredictable market', but that **the very nature of cycles has changed**.

We are transitioning from *event cycles* to *flow cycles*.

Many still look at Bitcoin and the entire market through one lens:
"Every 4 years — halving, bull run, then winter. Everything is predictable."
The problem is that the market has long ceased to operate according to this simple scheme. Not only the price changes — the very mechanics of the forces that drive crypto change.

## Unified Cycle: from 'Maze of Forecasts' → to a full series on pumps
In the first two days of December, we released 10 materials at once — and during the work, an unexpected but important event occurred:
two separate cycles merged into one extended meta-cycle, in which we study how the market thinks, moves, and deceives expectations.

The crypto market is full of people waiting for a miracle.
They are looking for a magical signal, "to the moon", x's, forecasts, arrows.
They want to believe that tomorrow everything will change, and the market will grant them wealth.
But the reality is different.
The market is not obligated to save anyone.
He takes money from those who live in illusions.

Everyone is used to thinking that governments only hunt for liquidity.
But that's only half the picture.

There is also a second stream — the stream of the coins themselves.
And it is precisely this that causes the greatest concern among regulators.
Because **coins are not just assets.
Coins are information.
Routes.

In previous articles, we discussed that any market is four flows that go through the exchange 24/7:
- inflow of liquidity (fiat and stablecoins);
- outflow of liquidity;
- inflow of new coins;
- outflow of coins (to wallets, in DeFi, in the long term).
When looking at the exchange from above, it is not just numbers in the order book — it is a living system of flows, where every movement of money and coins means something.

Imagine the crypto market as a huge mechanism operating without pauses, weekends, or sleep.
Every second, four streams flow simultaneously, and it is their balance — and sometimes imbalance — that creates the rises, falls, and explosive movements of the charts.
1) Influx of liquidity — fresh money ready to buy, pushing the price up, fueling the entire market.

Everyone is used to thinking only about liquidity inflow: the more money comes to the exchange, the stronger the market grows. This is true, but there is a second, forgotten mechanism — OUTFLOW. And it works just as powerfully.

🔹 Liquidity outflow — when traders withdraw fiat or stablecoins for household needs. Liquidity leaves the order books, the order book empties, and it becomes harder for sellers to find buyers. Prices start to decline even without panic.

We recently discussed that for a +10% growth, each subsequent step requires more and more liquidity.
But there is another factor that most people don't even notice — the constant influx of new coins into circulation.
This is the second market force, and it operates 24/7.
## 💠 Where new coins come from

The crypto market does not grow infinitely. It breathes in cycles — it rises, overheats, crashes, and then recovers again.
But where do these waves come from? Why does every rise inevitably end in a crash?
Let's break down the mechanism honestly and without rose-colored glasses.
## 🟩 1. Growth is impossible without a flow of new money

Many believe that the market is rising because 'new liquidity is coming in.' But there is one problem that almost no one thinks about — the rate at which new coins appear is significantly higher than the rate at which new money appears.
And this is why it is dangerous.

## ⛏️ 1. Miners 'printers' that we underestimate

Every time you open the feed, there’s a feeling that we are living in the most optimistic universe in the history of crypto.
📌 AEVO — the quiet breakthrough of the hype era!
📌 AIA — the manipulator is preparing a giant candle upwards!
📌 LUNC — the path to millionaire status!
📌 XPL — will tear apart Web3 in the next 10 years!

The weekend rolled over our shoulders, and Monday began with a buyout: against the backdrop of a softening rhetoric on tariffs, the market caught some positivity, BTC is pulling up altcoins, and I see jumps of +15–20% in the top assets. There was a lot of noise, and liquidations too, but now the buyer is showing teeth again. What the indicator shows: fresh liquidity has been gathered below the local low on the 4H chart, volume clusters have shifted to 112.5–113.8k, and there are emptiness above up to 116–118k. It is evident how whale prints defended 111–112k, while short sellers' stop losses hang above 115k.

# Why Bitcoin's drop to $93,000 is not a crash, but a liquidity pause
$BTC Bitcoin updated its six-month low, falling to $93,000, after which it returned to around ~$95,000.
Altcoins have also fallen, and the fear index has entered the 'extreme fear' zone.
But the key is different: the market reacts not to fundamentals, but to temporary liquidity contraction.