in #hive-14662013 days ago

I think there was some novelty with HIVE being added to the perpetuals market on Binance, and that pulling in some liquidity. Checking over at Coin Gecko volume in both the spot and perpetuals market was substantially below where it was when HIVE took off on the previous weekends. We still did get a bump on Friday, but it appears the speculators were either skittish, or the spare capital wasn't available to drive another round of swing trading.

It will be interesting to see if we get a bounce on Monday.

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Don't think we're bouncing today maybe in a few weeks or something, but it's nice to pick up cheap Hive while we actually wait and it's a good thing. The entire market is down, BTC and eth too, so I think this plays a role too.

It definitely does. HIVE can move independently from the market but it's less likely.