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One missing piece: $1B BTC being auctioned by the IRS soon. This is such a big number that it will almost certainly be bought at a discount by an arbitrageur an
by jl2718 4y ago
One missing piece: $1B BTC being auctioned by the IRS soon. This is such a big number that it will almost certainly be bought at a discount by an arbitrageur and liquidated on the market, so this was the impetus for the broad-market crash that killed their leveraged positions.
- chrischattin 4y agoThe 24hr BTC volume on Coinbase alone was $126B. The feds selling $1B won’t make much of a dent.
- naveen99 4y agoNot on coinbase alone. Coin market cap shows same volume globally
- chrischattin 4y agoAh yes. You are correct.