A brief transcript excerpt from a YouTube video (Bitcoin’s Decay Formula Insights) in which the speaker discusses using futures markets for price discovery because of concentrated leverage, references a daily TradingView chart, mentions a current "moving day" correlated with a power-law pattern, and indicates upcoming discussion of liquidity and a specific market event that triggered a strong move.
What we're looking at here is a standard trading view chart, daily chart. We are looking at a futures market because futures are where the leverage is at and where the leverage is at is where the price discovery happens first. So that's why we use futures to discover price. And yes, we have had moving day is here. We are on our way and it's amazing how this correlates with the power law. And as you can see here, I'm going to bring in the liquidity here in a second. But we had something happen right here that gave us a pretty strong move here.
