Lately we have seen an increased demand for tremendously large blocks of Bitcoin. So much so, that we can't keep up with the volume that people and organizations are requesting. So what are the underlying factors?
Wait what? Increased demand for bigger blocks? What do you mean by that? People demanding a block size increase, or blocks just filling up in general? Fees have been pretty low for a while now, barring a few brief periods of spikes, so there shouldn't be any problems with transaction volume in general.
Can't keep up with the volume of demand? If that were true, we'd be on a tremendously bullish run, but instead we're stuck in a somewhat bearish market.
Totally agree but the bearish market to me may actually seem more of a plan than a real bearish market. Market was driven up so huge and then all of a sudden dropped down so huge after a lot of people who were expecting to get rich overnight were buying into it globally.
These guys have been in the manipulative system all these while and even if they really see the future and huge prospect, they will not be stupid enough to be buying at the top until they are sure there is just no more space to drive it down the more. I am sure when the real demand hits, we will all know but we aren't just there yet and the market may just be exactly as valued as it is supposed to be.