Sometimes the HBD price is in the range of $1.10 - $1.20 for a long time. What is the reason for this? Is the HBD stabilizer not doing its job at that moment or are the witnesses entering the hive price with a delay?
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Just too much demand imbalance in the market. The stabilizer pushes the price down, but with a finite budget, if there continues to be people willing to overpay, it takes time for the pushes to be effective.