Dalis Cane
@daliscane
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Just holding stuff up! 🔸 Border Collies 🔸 Cosmos 🔸 Abandoned Buildings 🔸 Strange Photography 🔸 AI 🔸 Trains 🔸 Synthesizers 🔸 Bitcoin 🔸 Robots
Canada
Joined February 2016
@SvartHette @thomas_fahrer So you think price will remain unchanged once they start buying, assuming any of them are passed?
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@anthonysagami @thomas_fahrer Do you think the OTC Desks need to run out first? The price seems to be kept 'low' and under control for all the buying that IS happening.
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So, #Bitcoin. When will the market make any sense? There's roughly 140K bitcoins left on OTC Desks and Saylor just bought over 7K of them in one shot. Price? It drops over $1000. How does this make sense?
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Based on #Bitcoin's red candles today, without even reading the news I'm guessing Saylor bought. The Saylor Red Effect.
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@Vivek4real_ Yes, it should be. But Binance is suppressing it lol. He's a funny guy. Wait, does he have anything to do with Binance any more?
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@martypartymusic Do you have access to the OTC Desk reserves chart? I don't know why that isn't posted more. Once they are dry, that will be fireworks.
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@Vivek4real_ That's not as much as I expected. 3600 or so BTC? About $10M a week. I guess if all the States were doing it (Some form of a DCA to spread it out) then it would definitely add some buy pressure.
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Here's some information from a 'schizo' for you. It's a report built on Arkham that shows how Binance (and others) are actively sending assets to the Wintermute market maker which sells it spot on the exchange requesting it. Price drops, exchange liquidates the long trades. Exchange then sends USDT to Wintermute who buys it all back after for much cheaper and sends back to exchange. Wonder why price is dropping? This happens over and over. Price suppression as well. 406 pages of them dumping BTC.
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@SimplyBitcoinTV @YoungDelegate Only 11 steps in that one. They might take a while. Who's winning the race anyway? Progress has been quiet.
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