Tom Lee speculates wounded market makers behind crypto crunch
Crypto’s recent slump could be the result of a market maker liquidity crisis triggered by the crypto crash in October, speculates BitMine’s Tom Lee.
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Crypto’s recent slump could be the result of a market maker liquidity crisis triggered by the crypto crash in October, speculates BitMine’s Tom Lee.
Nic Puckrin, an analyst at The Coin Bureau, said Bitcoin is being “pulled in different directions by conflicting news” as it heads into the weekend.
The recent Bitcoin “dumping” is a positive sign for the asset, but it could take years, not weeks, for Bitcoin to reach that magic $200,000 number.
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