Quote from: cAPSLOCK on Today at 09:35:02 PM

So, seriously gents... what's made this "liquidity crisis" happen? It does not look like the demand is coming from transactional use (which is high and awesome, but not doing a spike) unless the exchanges have just been bled out. So where is the Monero going?

We can't do on chain analysis here, so it's way more speculation/Ouijia Board action for us.

*IF* the exchanges are running low, that means either/and/or:

-Large buyers are shipping Monero to cold wallets.
-Darknet vendors are not selling (and legit, lol but you know)
-Miners are not selling

What else can be doing it? Just really wackadoodle things I can think of like a BIG exchange (Binance?) lost the keys to a big cold wallet? Seriously. Because if it's those three up there we are seeing a potential SLINGSHOT effect. And it might just be starting.

But just to be a damn crybaby... why is it SO OFTEN that Monero has a super bullish setup right when the greater crypto space is melting down. It always feels like bad luck to me... but maybe it's Monero style? Even it's bull runs are obfuscated. Wink

Totally agree on the last part. Feels like bad luck sometimes.