According to the latest edition of Arcane Research, the entire market appears to be stabilizing even though there’s still some uncertainty left.
The current numbers were only visited once since February 2019 – during the stagnant markets of July 2020. “The entire market is generally stabilizing, accompanied by apathetic market participation. Closed US markets are likely the core reason behind the dull price action of late, but it’s also been exaggerated by a general exodus of active retail participation and few important news catalysts.”Going forward, 2023 will be shaped by low volatility and stagnant market trend. But the Gemini-DCG fiasco poses a significant threat to the market.
According to Arcane, a “natural and less liquidity-constrained route” to this sale could be to initiate a Reg M, thereby enabling traders to redeem shares at NAV. This would narrow the discounts, and its impact will be felt in crypto markets.
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Source: CoinDesk - 🏆 291. / 63 Read more »