💰 [Analysis] Bitcoin's buyers of last resort – Pierre Rochard
Together, Bitcoin’s buyers and holders of last resort help break the negative feedback loop in a bitcoin exchange rate crisis, setting up the base for the next bull market. Buyers of last resort break the negative feedback loop in two ways. Bidders of last resort put in limit orders, and buyers of last resort put in market buy orders. Buyers of last resort fall into the following categories:
- People paid in btc
- Recurring buyers
- Windfall buyers
- Opportunistic buyers
- Relative value and flight to safety traders
- Transactional buyers
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