Billionaire and Shark Tank star Mark Cuban is unveiling the fundamental catalyst that he believes will reignite the crypto bull market.
In a response to a Twitter thread that aims to dissect the recent market collapse, Cuban says that traders who leveraged their crypto assets to provide liquidity and generate yields in decentralized finance (DeFi) platforms contributed to the sell-off.
Cuban, a vocal crypto supporter, adds that the price plummeting in DeFi triggered margin calls in the more centralized parts of the crypto space, which aggravated the sell-off.
According to Cuban, whales who were supposed to hold key support levels succumbed to the cascading prices.
Cuban posits that it will take an influx of fresh capital from market participants to revitalize the bull market.
At the height of the crypto correction, on-chain analyst Will Clemente noted that a new breed of whales was accumulating Bitcoin.