Part 8/13:
One perplexing phenomenon is the discrepancy between market volume and actual Bitcoin transfers. For example, yesterday saw over $1 billion in volume, yet no Bitcoin was added or removed from custody accounts—indicating deliberate market maker strategies to create volume illusions.
The market maker game has gained prominence, with major players like BlackRock and others engaging in layered strategies that reinforce liquidity without necessarily signaling real buying pressure. This could be a preparatory phase for larger sustained moves, often termed as noticing the calm before the storm.