(IMO) Market Makers top goal’s to shake-out weak hands (MM refer to these as “loose chips”) before making a leg-up. Loose chips can completely ruin a leg-up, so MM will get rid of them; no-matter how long it takes. There’s two types of loose chips, and MM has different strategies to shake-them-out. Two examples of loose chips are weak hands, and free money riders. Weak hands are driven-out by plunging the market (Complete). Free Money Riders are driven-out via boredom (Almost there). Free Money Riders are the people that invested in the sub $50 range. FMRs will sell in the middle of a leg-up, and ruin MMs attempt to hold new higher levels… basically, RN MM is better served by capping the market, and bleeding FMRs, so next level holds with long term holders, and new investors.
This gap between USD exchange-rate, and market cap isn’t natural. amazed it’s continued for over a month
When that gap narrows, will be to the upside, imo. Could be very violent
BTC - USD gaps above exchange rate (Dash is basically the same) kek.gg
LTC has a nice looking (normal) gap between exchange-rate, and market cap
ETH, like LTC looks good too kek.gg
