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Does anyone know why hex does the opposite to BTC?

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it is not correlated to bitcoin, so if it does do something like it, or not like it, it is just a random thing, not backed by data. Hex is correlated to number of stakers, and share price.

Rusty- Автор вопроса
Pulse DCA Club Hex_is_the_way
it is not correlated to bitcoin, so if it does do ...

ive been in hex for 6 months and ive just always noticed when BTC has a dump HEX has a dump and it also colerates the other way arond

Rusty
ive been in hex for 6 months and ive just always n...

It’s mainly traders that are the cause of that. When Bitcoin dips then they dump Bitcoin and come into hex and when hex dips they run back to Bitcoin. They do it over and over and over again

Rusty- Автор вопроса
ADoubleU
Huh?

whoops i mean when BTC has a pump HEX dumps abit and when BTC is down HEX rises

Rusty- Автор вопроса
Rusty
explain please?

https://youtu.be/dE11Byo1gME

Rusty
explain please?

Hex is decorelated from rest of the crypto because its liquidity is tied 85% to stable coin.

Al
Hex is decorelated from rest of the crypto because...

HEX's price went up the fastest when its liquidity was the lowest. Bitcoin's price went up the fastest when its liquidity was lowest. Ethereum's price went up the fastest when its liquidity was the lowest.

Rusty
USDC?

What do u mean ?

Rusty- Автор вопроса
Al
What do u mean ?

what stable coin in hex tied to?

Rusty- Автор вопроса

so why when BTC hex pumps HEX dips?

Rusty
so why when BTC hex pumps HEX dips?

It is uncorrelated https://youtu.be/dE11Byo1gME

Rusty
so why when BTC hex pumps HEX dips?

Because they are two mutually exclusive scenarios. Sometimes Hex might pump at the same time as well but it depends on Hex’s market conditions. It has nothing to do with other crypto activity

Rusty- Автор вопроса
FlorianFranz
No correlation

this makes no sense to me

Rusty
this makes no sense to me

It is explained from scratch in the video, you have to actually watch it and also want to learn otherwise your subjective perception will prevail and no one can help you with that.

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