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Price is defined by the most recent trade, nothing else. It doesn't matter how much money is in crypto accounts. When you buy crypto with USD that's a one time
by adam_arthur 4y ago
Price is defined by the most recent trade, nothing else. It doesn't matter how much money is in crypto accounts.
When you buy crypto with USD that's a one time transaction that has no bearing on future price.
E.g. the ARKK etf has had massive net dollar inflows YTD despite falling over 50% in the same timeframe