Excerpt from a YouTube discussion ("Bitcoin Futures as Price Discovery Tool") in which speakers discuss behavior at the top of a market cycle: the market may wick higher then reverse as liquidity is exhausted rather than continuously making new highs; the exchange notes that these observations align with projections and indicators.
What happens at the top of the cycle. Does that mean that the market just pulls back, reverses before there's time to build up any kind of significant liquidity?
Well, here's what's interesting. At some point, it won't just keep continuing to leg up. You're going to wick in here and then we might just start coming down for a while. Yeah. It's not. We're not just going to keep making new levels and taking them. At some point it will exhaust.
Yeah. Interesting that this is lining up with the projections and your indicators as well, Geo, isn't it?
Especially right here. This is amazing right here, this part here. I mean, everybody was. Yeah, that's crazy.
