OUR HYPOTHESIS ⚠️ = Money/tokens is "created" or “issued” with off-chain IOUs. And then inserted into systems/chains. Exchanges don't show all orders. Big purchases/sales are done off-chain. Hidden orders etc.

Money/tokens is "created" or “issued” with off chain IOUs etc. And then inserted into systems/chains. Exchanges do not show all orders, the big purchases/sales are done off chain. Hidden orders. Etc. So there are big discrepancies between what's visible to public, and the "total value" of deals/arrangements that have actually been made, and the changes in these discrepancies should explain partly what's happening next with public/market/visible prices.