Economics

Top of book liquidity in crypto has always been pretty good but as soon as markets start pressing in either direction we realize how little people want to be liquidity provider of last resort.

Zaheer

Why do the prices go down so quickly?

https://x.com/splitcapital/status/1895431031463047379?s=46&t=LUwp6CEG8bj71wefilcCmQ

you probably don’t think about liquidity enough // it is what it is  // build value, not valuation

| 🎩  |  ↑  |  ⌐◨-◨

24/7 permissionless magic internet money baby