[npoc]

> It seems I'm wrong with valuation it has surged.

Surged since when? 2019?!

https://imgur.com/a/G9fmGur

> No it's not. The value collapses every time there is sell side. Jumps every time there is little more than average demand.

That's not liquidity. That's volatility - otherwise known as price discovery - completely natural in a young extremely fast-growing asset. It continuously gets over-bought and then over-sold as it continues along it's exponential path of overall growth.

Just looking at Coinbase, its BTCUSD pair alone has a trading volume of ~$1B/day. How much liquidity do you want?