Yooo, crypto fam, we're not getting gas from anywhere else, the Strait of Hormuz has reopened and oil prices are plummeting, which means it's time to talk liquidation 2.0.
Tracing the link between oil prices and our crypto portfolios, we got a classic game of 'domino effect' where the Strait of Hormuz reopen is the first domino, sending oil prices down, which in turn increases liquidity in the crypto market.
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#cryptoliquidityup The punchline is it's not that oil prices directly affect crypto prices, but the increased liquidity from the decrease in oil prices creates room for bigger players to enter the market and start making some waves in the altcoin space.
So, what happens when the whales start moving? Who's got the biggest bags?