Most people are guessing where this $BTC can drop to, but they haven't noticed that the underlying liquidity has already dried up.
The contract liquidations of 2 billion the day before yesterday and 800 million today are not coincidences; they are the inevitable result after several months of net outflows from stablecoins.
Funds in the market have been flowing into precious metals and the stock market, and the so-called support levels are just ornaments without buying pressure.
Now, over 4 billion in liquidity has already been withdrawn, which is the lifeline at the very bottom of the market.
The current market appears extremely fragile, and the anemic state caused by the depletion of liquidity will magnify any small fluctuations into violent spikes.
This is a typical stampede after the loss of liquidity.
Before the net inflow of stablecoins returns to positive for a day, any good news may just be bait to raise prices for unloading.
The contract liquidations of 2 billion the day before yesterday and 800 million today are not coincidences; they are the inevitable result after several months of net outflows from stablecoins.
Funds in the market have been flowing into precious metals and the stock market, and the so-called support levels are just ornaments without buying pressure.
Now, over 4 billion in liquidity has already been withdrawn, which is the lifeline at the very bottom of the market.
The current market appears extremely fragile, and the anemic state caused by the depletion of liquidity will magnify any small fluctuations into violent spikes.
This is a typical stampede after the loss of liquidity.
Before the net inflow of stablecoins returns to positive for a day, any good news may just be bait to raise prices for unloading.