Correction end with the return of Chinese traders or just market being funny?
Hello steemians!
It looks like with the end of the Chinese New Year the volume on the DEX is starting to pick up. Bitshares Assets exchange is the number one by volume on Coinmarketcap:
The total volume is back to pre-holiday levels at around $22 million:
And the total number of transactions on the network is back to normal - just barely below Ethereum:
It seems that the Chinese traders are back strong and the sideways price movement is about to end. The breakout might be imminent.
There still is a possibility that this is just another funky business on the DEX and this behavior won't last long - as always you'll just have to wait and see.
Great day and safe trading!
the have much money, influence and power to change the swift the market swift to one way direction or another..
I don't know if it's just a few whales influencing the market or a lot of regular traders filling bags at discount prices. Anyway it looks out of balance when you compare bts/bitcny pair with any other on the dex. They definitely have a lot of influence
yes, together, and collective action, as usual and always...State Policy..