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Does anyone understand the market enough to explain who the sellers of bitcoin are? The daily volumes are several times the mined quantity so there must be peop
by xyzelement 6y ago
Does anyone understand the market enough to explain who the sellers of bitcoin are? The daily volumes are several times the mined quantity so there must be people/institutions quite willing to part with their coins at their current prices.
Is it - people who had a specific price target in mind and are selling? People who need liquidity? Some other big aspect I am missing?
- tromp 6y agoIt's impossible to obtain reliable volume numbers since many exchanges either make them up or artificially inflate them with wash trading.