It was actually 80k bitcoin.
Apparently a Satoshi era whale just sold and we barely moved.
Amazing that the market is this deep and this liquid.
Login to reply
Replies (35)
This cycle is no longer retail driven
I think the "cycles" are changing and soon it wont be a cycle. It'll just be the market like theres a market for meat or gasoline.
Roots run 16 years deep
Yep, and extended
I scooped aplenty
probably should thank saylor for hoovering up a bunch of those coins. think he just raised 2 billy yesterday...
I saw 17k were sold. They dumped all 80k?
Sold my chair last night.
View quoted note →
All 80k are gone. The market has already absorbed it. Very bullish.
Horee Chit! Bullish indeed.
Bet he he is moving some of that to Strategy’s preferreds and BTCTC’s
Have we now reached the exospher? Just a few years ago, we kept hearing over and over that Bitcoin was too small for billionaires and institutions to find useful.
Everybody needs bitcoins, and many are starting realize it and act on it. 🔥🚀
Didn’t we fell only $3k?
These are the moves accumulation whales have been hoping for since price was bid up to 120k. Demand at 100k was too strong and depleted supply
Market is waiting to plummet when I sell my 0.001 btc
OTC is not needed any more it seems... At least not for selling.
Some dubious news sites advertise this event as a Bitcoin hack.
https://eloise88.medium.com/who-cracked-bitcoin-on-july-4th-408230a70f5d
Retarded gibberish
This was a brokered OTC transaction
Jup. Incredibly bullish and contributes to a new price floor. Also, I love seeing Whalepanda cry on the bird app about paper coins every day when it’s in fact legit whales parting with their coins
But we don't know if and how much was actually sold
A large part of it is probably now chilling in the OTC desks. Though I doubt they could cough up 9 billy just like that, so some of it must’ve been actually sold on spot.
Thanks OG for giving me a discount today.
When do you think no one will sell and just take a loan against BTC?
Wait... Wasn't that an 80k purchase?
I still haven't gotten around how sales drive prices down and buys pump them up when every trade is both a buy and a sale. 🥲
It's at the margin, is the marginal transaction the entre of a seller or a buyer
It’s not like there’s an 80k buyer on the other side though. So it’s an 80k sell and then many smaller buyers gobbling up the coins.
It was actually me, I bought all 80k
Can I have like just100 bitcoins?
It was much more than 80K sold.
This is the most bullish I’ve been since yesterday.
Also, FTX was about 80K dumped on the market as well & it was quite different.
This is what’s called signal.
🤪
Selling into the bid, down, buying the ask, up.
What's even more amazing to me is that whales are aware of this, meaning the self-regulatory capabilities of Bitcoin as a socio-technical system are even better than we expected. Which also means no sUpErCyClE 🤭
🤔