Liquidity correlating to bitcoin and why whales try shake people out instead of accumulating?
Liquidity correlating to bitcoin and why whales try shake people out instead of accumulating?
Title pretty much.
I came up with some video saying that if you put the global liquidity index with a 70 day delay, it correlates pretty damn well with bitcoin’s price.
And it kinda does, although it still kept going up during the crash in november, so that’s not quite right.
Why the 70 day delay? What’s up with that?
Also why do people keep saying that whales are just trying to shake you out with dumps?
Can’t they just accumulate during bear runs and be merry?
if you have a finite amount of money, first you save cash, then maybe safer investments like gold, then some stock indexes and most people stop there. bitcoin sits pretty far out the risk curve so it leans pretty heavily on this “liquidity thing” for the times when people have more money to essentially gamble with and can justify the volatility of crypto.