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>According to a very recent analysis by Ki Young Ju, a market analyst, a whale has bought $1.6 billion worth BTC via market orders in just five minutes. This i
by moralestapia 5y ago
>According to a very recent analysis by Ki Young Ju, a market analyst, a whale has bought $1.6 billion worth BTC via market orders in just five minutes.
This is interesting as it implies 1.6B of fiat moved hands (unless it came from other tokens which I doubt), very hard to pull that off while avoiding KYC.
I remark this as usually the 'whale' term implies some sort of anonymity as in "we only know a lot of tokens moved".
- davidgerard 5y agoIt also doesn't say if it was dollars or a dollar-substitute token.
- qeternity 5y ago> This is interesting as it implies 1.6B of fiat moved hands (unless it came from other tokens which I doubt) No fiat, just Tether. It was most likely not one single actor, nor was it likely a bonafide purchase. This was meant to rip the market higher and liquidate shorts.
- xur17 5y ago> This was meant to rip the market higher and liquidate shorts. Seems to have worked.
- moralestapia 5y agoAwesome, thanks.
- anonporridge 5y agoWhale just means rich person who can make a big splash in the market, not that they are anonymous and avoiding KYC. Just because the general public doesn't know who it is, doesn't mean the exchanges used and regulatory agencies don't know who it is. KYC doesn't mean we the people get to know, just that government authorities get to know.
- wut42 5y ago>I remark this as usually the 'whale' term implies some sort of anonymity Does it ? Whale is commonly used in finance-related and casino-related subjects, where anonymity is nowhere to be found; and even in crypto anonymity is nowhere to be found, as yourself remarked, KYC is always needed as soon as you want to move crypto in/out of cash. The only anonymous part is that the common public doesn't know who that is.