Yugocean
Valued Contributor
One of the causes for the drop in the value of Bitcoin on the crypto market is the abundance of bitcoins available on exchange platforms.
As a result, HODLers are being advised to store their bitcoin in their wallets rather than on the trading site.
Crypto investors believe that if exchange platforms do not receive enough bitcoin investment, the absence of BTC liquidity will boost Bitcoin's market value.
At the present, no one has provided an answer to the query coming up in the assertion, the prime issue is, the value of bitcoin would only increase relative to other cryptocurrencies owing to a lack of liquidity; therefore, what will be the effect if bitcoin liquidity suddenly increases?
More recently, a bitcoin whale sold 1000 BTC that had been idle since 2013, resulting in an increase in bitcoin market liquidity. (Read Here)
If a whale can land bitcoin in a collapsing market, it's not impossible that similar activities can occur during an increase.
As a result, HODLers are being advised to store their bitcoin in their wallets rather than on the trading site.
Crypto investors believe that if exchange platforms do not receive enough bitcoin investment, the absence of BTC liquidity will boost Bitcoin's market value.
At the present, no one has provided an answer to the query coming up in the assertion, the prime issue is, the value of bitcoin would only increase relative to other cryptocurrencies owing to a lack of liquidity; therefore, what will be the effect if bitcoin liquidity suddenly increases?
More recently, a bitcoin whale sold 1000 BTC that had been idle since 2013, resulting in an increase in bitcoin market liquidity. (Read Here)
If a whale can land bitcoin in a collapsing market, it's not impossible that similar activities can occur during an increase.