/biz/ - Business & Finance

only the richest of the rich can place their stacks on persian carpets

If it were bullish the Bitfinex premium would have decreased by now. Whales on Bitfinex are still in the process of getting their funds out and they're buying every BTC dip they can. There is not enough liquidity on the books for them to do it all at once so they're "accumulating" their exit positions and trying their best not to move the market. When they're done we'll get to witness the biggest red dildo you've ever seen. The only thing holding up this market right now is a bank run. The rug will soon be pulled.