is that why Leo dropped? Some people just sold without trying to get a good price for it cause they didn’t know what they were doing and the bots built selling pressure at lower levels?
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is that why Leo dropped? Some people just sold without trying to get a good price for it cause they didn’t know what they were doing and the bots built selling pressure at lower levels?
bots try to restore the balance in the market compared to the pool. So if you dump in the market, bots buy and sell to pool. If you want the bots to work for you , you need to move the price of the pool. To prevent players to impact the pool too much, the slipperage increases with order size. So to structurally move the price you would need to buy from the pool, with lots of low slipperage orders with 3-4min in between (so the bots do their thing in between)
On leo price - just big players unstaking and selling. Some whales left, and there is still sell pressure to be expected looking at the unstaking chart.