Price up, but very BAD news for whales: less volume & liquidity

2019年8月1日

hi guys,

so i looked at btc/usd again, good thing first: price is up to 10k$ again, bulls are not dead yet.

BUT the big issue: maybe news related (keywords: SEC, bitmex, bitfinex, law, NYAG): the big exchanges bitmex and bitfinex lost a lot of traders, order books
are shrinking there, traders left, volumes are low.

why is this an issue for whales? because if they push the price above/below typical levels e.g. 9500, 10500 they can NOT, i repeat NOT cause large margin liqidations anymore.
so the markets gets a big boring for whala aka mr./mrs. scamwicks, they could leave now and cause even less volume .. crash?

lets give you an example: btc/usd 1h vol @ finex: 5k, was up to 30k not long ago.

let me know comments & thoughts!