Market exhaustion is a real thing.
The altcoin market is totally exhausted!
All buyers are fully deployed.
All speculators are blown up.
All narratives are fully priced in.
Bitcoin flows remain confined and no longer filter into Alts.
The only thing that could push this
If you thought the recent memecoin liquidity scams were bad, just wait until the market maker scheme unravels.
Here’s how it works:
Market makers secure loans to acquire tokens at a discount. They offload those tokens for a hefty profit, driving prices down, triggering
MM Update: Offshore exchange #Binance continues to dominate market manipulation sending $100s of million of assets to #wintermute market maker while onshore exchange #coinbase continue to send $100s of millions in stable coin to #wintermute to absorb the selling pressure in what
MMUpdate: Note how looking at #Binance $SOL balance (left) and #Wintermute $SOL balance (right) the two charts fit perfectly into each other. $SOL sent to the MM to dump price and returned. Roughly 1m $SOL was used to drop price from $300 to $150. The same is true for most alt