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Ok I thought we were pumping because the tradfi folks expected a pause in rate hikes, but 35% in a week is A LOT for just that. Could it be a combination of that + people withdrawing from exchanges due to the bank collapses? 35% still seems like a lot for that, but maybe FOMO on top of that? Who tf knows

Sikto 2y ago

Some have said that it could be the result of a lack of liquidity due to collapse of signature and SVB?

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Sikto 2y ago

Im not really sure what they meant? Doesn’t seem right to me?

やトナ 2y ago

Hmmm, maybe less liquidity for traders so there’s just more spot buying happening?

Sikto 2y ago

I’m not sure? I would expect price to decrease with a lack of liquidity, right? Anyway, sometimes there isn’t an explanation and we just keep stacking sats :)

Liberty Farmer 2y ago

No. If there are buyer, a lack of liquidity causes massive increases. More coin comes for sale as price increases