Speaker (Kosta Ouzas) discusses a period of market consolidation in Bitcoin/derivatives markets and argues this consolidation has increased "new organic liquidity." The speaker quantifies the effect as roughly an additional 10% of liquidity generated since the consolidation began, framing consolidation as beneficial for price-discovery capacity.
The institutions are, are consolidating. As long as they are, this consolidation is actually a great thing. And I'll explain why. You can see right here, we had this new. What's called new organic liquidity. This liquidity came in from this consolidation period that we've been in. We've kind of been in one big consolidation period other than this very short displacement here. We've been consolidating. But what that consolidation is doing, that's growing this pool bigger. So if we didn't have the consolidation, this is an extra 10%. This is 10%. So this consolidation is creating. Well, from back here when we first started consolidating, it's creating 10 extra percent.
