/biz/ - Business & Finance

>>50478393
God damn

OOOOOOOOOOOF

So basically all the whales are dumping everything they have and there is literally zero buying pressure?
How come the price isn't collapsing at lightning speed? OTC trades with exchanges?
When LUNA dumped their 80K btc stack, bitcorn dumped by over 10k.
That's less than 0.5% of the btc supply being sold who triggered a -30% dump. That's how fucking illiquid is this entire scam.

So how come around 250K btc from various addresses being dumped isn't crashing the price to $100? No one is buying.

>>50478393
>>50478430
>>50478433
>>50478532
Transferring assets to coinbase doesn’t automatically mean you’re selling them you absolute brainlet retards

You think coinbase has half a billion in cash just sitting around to buy anyways? Fucking retards on this board

>>50478532
Well im buying the dip and you should too

>>50478532
They aren't really dumping atm, as you said the asset has dogshit liquidity. Sending to exchanges to prepare to dump, if they can't find retards to buy it all OTC. If previous #3 whale actually dumped everything he's sending to coinbase, then we would already be at like 10k or less.

>>50478576
>You think coinbase has half a billion in cash just sitting around to buy anyways? Fucking retards on this board
Actually they do, over $6 billion atm and they are also stupid enough that I could see them buying these BTC OTC. https://www.investing.com/equities/coinbase-global-balance-sheet

>>50478393
>implying they're dumping
>implying they aren't buying ETH
grandpa bitcoin is going to the big blockchain in the sky this year

>>50478576
It's called OTC you nigger.

KILL BOTTOM SELLERS

>>50478576
Why would anybody transfert 3 fucking billions worth of btc to coinbase if it wasn't to dump it you giganigger?
Me think kikebase bought it all from the whales OTC at a discount to avoid a btc crash, mostly to save their collateralized loans after the whales told them they were about to sell it all anyway.
The situation is megafucked and coinbase is about to go under. They are now the biggest baggies on the planet, and unless they somehow manage to create hype out of nowhere to dump on retail, they are FUCKED.
And the pump to 24k was their last desperate attempt. Not nearly enough to get ppl excited.

>>50479476
They are getting ready for the FLIPPENING

>>50478393
Why would whales cash out at the worst exchange?