Is it not obvious that without FRESH FIAT (I think I am going to change my user name to this) that these markets cannot go up? And there is no way for fresh fiat to reach the Chinese exchanges.
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It is not obvious, not even correct.
The price come from the minds of all actors. When they take action like putting up a bid or an ask, we have supply and demand. Low trade volume means all traders change their minds in concert. Under low volume, prices can go up, down or sideways. Low volume and sideways price action, like we have had the last days, means that all actors are happy with the current price and their current stash.
When some traders change their mind, up or down, and take action differently from all others, we have trade volume.
For fiat in or out to exchanges to be necessary, we need to have new persons to get interested and value bitcoin above the current equilibrium price. Current holders value it lower and sells the same amount. That is the meaning of equilibrium, which we have at all times as long as the exchanges work.
So we can have low volume, high volume with current users, and high volume with new users. The prices are not directly connected.
This post is rambling nonsense. Your talking about volume. Im talking about price.