“Considering that the exchange order book shows 5-10 bitcoins of liquidity for every $100 price change, a sell-off of 1,000 bitcoins is highly likely to trigger a significant price drop,” Bradley Park, an analyst at CryptoQuant, told CoinDesk in an interview. “Especially when traders are waiting to enter a short against bitcoin’s all-time high like on Tuesday.”
Here’s why Wall Street suddenly obsessed with tokenization
Wall Street spent years talking about tokenization, but never seemed to move beyond vague plans and pilot projects. This week,...
