What Happened on June. 15th | Low Activity, Price Drop, When all These Ends
Andrei Grachev, Head of DWFLabs, writes a long threads on Twitter explaining what he thinks where we are in this cycle.
Trading activity has reached its bottom, and even solid coins are almost not traded on exchanges. Spot volume reaches the minimum level since winter 2019. Behind the scene, exchanges started to ask projects to manage their token's trading volume, liquidity, or otherwise get delisting. Activities in IDO, IEO are all very low.
However, according to him, projects, exchanges, market makers are all trying to fix the market behind the scene, and they will bring something to the market.
He views we are on the bottom in terms of activity, but not sure about whether this is the bottom for price. He believes market activity should increase within a few months.
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