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
Discussion
Well there is also this;
https://twitter.com/balajis/status/1636797265317867520?s=46&t=5OGNFoU5I6oPvTUcCdJC3A
Some have said that it could be the result of a lack of liquidity due to collapse of signature and SVB?
Im not really sure what they meant? Doesn’t seem right to me?
Hmmm, maybe less liquidity for traders so there’s just more spot buying happening?
