Current liquidity does not come from the crowd fomo buying when prices rise.

Because the old crowd isn't buying more, either they are out of money from the peak, or there are no new people coming in to chase more.

Liquidity is currently in the futures contract, the crowd is short more => Funding is stable, OI is increasing, the market is going up in fear.

So the push for prices right now mainly comes from Big Players Long + Liquidating shorts.

The time when the crowd bought more as prices increased, and fomo grew with each rise, is over. Now, you can talk big, but when pushing up to the shore, you guys will get liquidated one way or another, if not a little, then a lot; does that mean the MM just gets scraps?

If that's the case, the MM has to push another wave, push hard so that those who are averaging down will jump back in again.

But it circles back to the story of new people; there must be new people for the MM to push hard. Otherwise, they would just get scraps too.

Whether new people are coming in or not is again a matter of cash flow and inflation. If people can easily make money and have extra, then they will invest in coins for profit; otherwise, if there is no extra money, no one thinks about investing in coins.

While inflation rises, unemployment increases, taxes go up, interest rates, although decreasing, are still high. So where do we find new people?!