The former head of Ark Invest’s cryptocurrency division has an opinion on what is going on with the market and why it is craving the volatility it has grown accustomed to over the course of years of trading operations.
Investors do not like to see the cryptocurrency market rangebound due to the lack of volatility in the trading volume that follows it. Burniske claimed that after more than a month without any volatility surges, it is “no wonder” that cryptocurrency traders are “going nuts.”
There are other issues with the market besides the need for risk. One of the primary forces driving the cryptocurrency market has always been volatility, as retail traders flood the market with additional money whenever they see a high chance of a return.
Institutional investors typically pay more attention to digital assets when there are significant retail inflows into the market, launching long-term bullruns and boosting industry profitability.
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