It may be some time until $100M of daily churn doesn't result in a 15% price swing. The market capitalization of BTC would need to increase considerably to accommodate such a scenario.
And it looks like we are quickly approaching such a scenario.
The rich (and super-rich) have a lot of resources to move markets and BTC is currently especially susceptible to this.
And it looks like we are quickly approaching such a scenario.
The rich (and super-rich) have a lot of resources to move markets and BTC is currently especially susceptible to this.