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Purpleman.base.eth 🎩
@jenson
There's only a finite amount of money available in "the market". This means that unless there's a HUGE liquidity injection then everything cannot "pump" at the same time. So if you think logically about the average trader, let's call him Joe. Joe has been riding a long on Bitcoin since $45k. Joe now has double the amount of money on paper as when he started. So Joe cashes out half and leaves half in Bitcoin. Joes now takes 20% and sends it to his fiat account. He uses the other 30% to buy other things he likes to get a bit more diversified. Joe is feeling confident after his big Bitcoin win so he decides to invest in something a little more risky this time. Joe decides on some eth, sol, ada etc and maybe throws 5% into memes too. The result of a thousand Joe's is that Bitcoin starts to consolidate and there's a liquidity injection into other crypto products.
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_ron's_$HIT_
@ronwest
This is so good explained
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