Simple analyse of market cap based on static and social behave
We see a steady growing in market since , but every time that market grow slowly some people invest more than they can to hold,and yes the whales surfing .
When btc price go down in 1k in 48 hr it mean some people take 2,3 billion $ out of market , and day to day traiders stop/loss function getting active ,and 2,3 billion go to 7,8 billion.
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Please also take a moment to read this post regarding bad behavior on Steemit.