Or maybe someone doesn't want the market to crash too fast while he is exiting. It all depends on the way you put it. Only time can tell.
Take a close look at the network
node statistics an in particular the last centimetre (about 2 weeks). It was levelling off and now it's got a new inflexion upwards again - consistent with the nodecount ATH.
What that means is that every time there's a dump, more of the traded coin supply is being pushed into what I call the "reserve market" (because it earns a return in exchange for 'parked funds').
Now take a look at this:
Lets examine what's going on here for a moment. The one consistent trend that's been almost uninterrupted for the last 2 years is a growth in the reserve market. i.e. the number of positions which investors have purchased to gain a return on their earnings (or to enjoy the benefits of holding a masternode position with voting rights etc - whatever).
Now the supply to that reserve market can only come from the currency market (liquidity not deployed in collateralising masternodes) and this has been steadily decreasing for the best part of 2 years. (Blue section in
this illustration). So you would expect valuation to rise or at least stay level with rising continuous demand and diminishing supply.
What looks to me to have been going on, however, is that there's been some major continuous liquidation from a large holder form February to November of last year which decoupled the two trends under major market pressure. It may not be that - it may just be natural excess supply to markets, but Just look how perfectly linear that price trend is and then abruptly stops in November at which point the valuation abruptly snaps back to follow the expected supply-demand profile according to the increasing reserve market size.
Then in January the selling starts again, driving them apart again.
It's just plain arithmetic. The price has got to snapback as
currency market liquidity gets ever tighter. Looks to me that the natural valuation right now is around 0.015 but it's likely to way overshoot that and then retrace in the event of any sudden rise.
The fact is Evan has created something that is in substantial demand. A monetary structure that works and the evidence is staring us right there in the face. Nor is it short term "pump and dump" demand, it's long term. The trend is constant, solid and basically unbroken for nearly 2 years. That is an eternity in crypto and this is an economic model that is at once subtle as the tide and monster powerful.
