That means there’s a lot of sidelined capital ready to be deployed when momentum picks up again, according to analyst Alice Liu.Crypto markets are sitting on a powder keg that could soon blast prices higher.
“A lot of people want to keep cash on the side – both crypto degens and institutions,” Liu said. “It’s almost similar to Warren Buffett holding cash on the side, waiting to buy at any point.”holding nearly $277 billion in cash at the end of the second financial quarter. That’s a 46% increase from the $189 billion that it was sitting on in the first quarter.
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