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/biz/ - Business & Finance

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12051057 No.12051057 [Reply] [Original]

how the fuck someone cash out $100 billion that fast? is someone fudging the numbers?

>> No.12051091

The dump started after Coinbase announced OTC trading and also USDC. So its due to OTC trading and also wash trading Tether to BTC to USDC. People used fake money (tether) to get more UDSC and send back to Coinbase to cash out, its hilarious but nobody really understands whats going on. That's what the dump has been about----nothing about hash wars or any of that shit, those are all a distraction.

>> No.12051142

>>12051057
Market cap doesn't equal money in the market, anon. You can move the market cap $100B with way less money than that. Probably in the hundreds of millions, realistically speaking. Maybe a billion or two at most.

>> No.12051186

>>12051091
retard

>> No.12051205

>market gains 100 billion in a week

No one questions it

>market loses 100 billion in a week

Ree manipulations

>> No.12051227

That's a reason I dislike mcap. It's assuming the entire supply of the coin is sold at one price.

>> No.12051252

>>12051057
>>12051142
This. "market cap" is really just total valuation, base on the last trade. A "market cap" of $60b doesn't actually have $60b in it, nor could you get it out