POPA Reconbuybacks reduces potential circulating supply - it just makes the coin/stock abit more illiquid. And any new marginal buying pressure from…
buybacks reduces potential circulating supply - it just makes the coin/stock abit more illiquid. And any new marginal buying pressure from new liquidity sources will just amplify moves up. But it also can amplifies moves downwards. When the derivatives market become more and more mature, then you will start seeing more and more hedging flows around very key levels (can be some form of valuation levels, liquidations, round numbers, key strikes around support/resistance etc etc). well.... of course, some fundamental buyers believe that buying the coin/shares today = i can make the foundation/com…
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