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RE: Bitshares (BTS) Update: Ascending Right Triangle Pattern Spotted!! $0.90 Short Term Price Target
The increase in bitAssets (bitUSD, but mostly bitCNY recently) is the reason for the recent growth in price along with the bullish alt market in general. When bitAssets are created, a short trader must lock up 1.75X the equivalent value in BTS in collateral. So, for every 1 bitUSD there is 1.75X that value in Bitshares locked in a smart contract as collateral and removed from circulation. The more bitAssets that come into existence, the less bitshares there are available to trade, thus increase in price.
I know this is awesome..i've seen a huge increase in liquidity these last 2 months...i don't know if this is true but i read in more than one source that the increase in BitCYN liquidity was due to Chinese investors looking for a DEX to use...makes sense