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/biz/ - Business & Finance


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12848351 No.12848351 [Reply] [Original]

this sell off was mostly one whale market selling off 2500 coins, which you can see being transferred and then immediately spent here

This triggered a lot of stop losses, and since BTC were at the top of its uptrend just below resistance, there were plenty of people happy to follow along and short it.

>> No.12848355

https://en.wikipedia.org/wiki/Coping_(psychology)

>> No.12848372

>>12848351
Now think of what the gox coins are gonna do to this market

>> No.12848396

>>12848372
I always tell everybody that bitcoin will go to 700$ and bsv too.

>> No.12849361

>>12848372
they will be sold OTC

>> No.12849377

>>12848351
On a Sunday morning with low volume.

>> No.12849409

>>12849361
You do realise the coins belong to regular people, many of whom have holding in the low single digits. You expect every random to sell their 2 BTC microstack OTC?