3 ms·
$120M is, as you said, not that much in the Bitcoin market.
by ric2b 3y ago
$120M is, as you said, not that much in the Bitcoin market.
- dale_glass 3y agoIt's not much in the market at large, but you need to find some party or several that has $120M sitting around, and willing to exchange that for BTC. I expect making that transaction isn't that easy.
- weird-eye-issue 3y agoCould literally just sell that on one of the major exchanges over the course of a few hours I've sold $8M on Coinbase Pro within minutes by setting a limit order (not a market order - although I'm sure some people will reply without knowing the difference) and it didn't impact the price
- npoc 3y agoIt would be an over the counter sale. Even using an exchange directly, together Coinbase and Bybit are trading $1B/day BTCUSD - there's no shortage of buyers.