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/biz/ - Business & Finance


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55769860 No.55769860 [Reply] [Original]

ever since SVB bank shut down we see crypto volume fall off a cliff on weekends.
that gives a true picture of "retail" trading volumes and participation.

during the week the manipulation + stock correlation kicks in so you see more activity.

most of you zoomzooms dont have the attention span to recall the BTC is only at 30k because CZ liquidated the "Binance Recovery Fund" and BUSD to pump Bitcoin after they were banned from issuing BUSD. he literally said so and on the same week its price went from 20ish to 30k.

this entire market is fake.

$BNB isn't worth $232 because thats how much real people will pay for it, but because thats how much the bots are paying.
the same applies to every other shitcoin.

>> No.55769864

when one of those memecoins that get shilled here pumps its not because retards are buying it but because the token issuer is bidding the price up to suck in retards

after which they suddenly pull all the liquidity. its no different from the "legit crypto" but done at a much faster pace

and the frustrating thing is none of this matters in the end. the world is fake