Please explain how it can be that the charts of Bitcoin and, for example, Hamster move strictly in parallel? I don't believe that the supporters of Hamster and Bitcoin place orders (both in futures and in the spot market) exactly second by second in the same manner. It is quite clear that these are different (in theory) people, right? So where does such a mirrored chart come from?
I assume that the initial market maker of Hamster has already been removed from the project, and now Binance is handling it, and they have no desire to delve into this coin, which means they simply tied it to the 'index' of Bitcoin.
What could this mean for the future? Well, as I understand it, even if Bitcoin soars to $100,000, that would be about a 25% increase. And if this tie to Hamster remains, then it means we shouldn't expect growth of more than 25% 🤷♂️
It would be more logical to place a short on Hamster in hopes of a drop (even a local one) of Bitcoin. Well, whether it’s a drop or a correction - call it whatever you want 😂📉