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Volume Illusion*
Pi IOU volume hits $45M today. Looks bullish? Check depth. 1% slippage on $10k order = dead liquidity. Real test is Open Mainnet + CEX deposits. If $50M daily needs 2% slippage on real Pi, we trend up. If 20% slippage, we collapse. I trade BTC3L until depth proves itself.
#PiNetwork #Liquidity