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9 billion dollares worth of BTC. It's honestly not that impactful as people may think. Note that BTC's last 24h volume was $15Billion (some of it is fake, but
by maipen 2y ago
9 billion dollares worth of BTC.
It's honestly not that impactful as people may think.
Note that BTC's last 24h volume was $15Billion (some of it is fake, but it's still alot)
The price reaction to this news proves it.
- Detrytus 2y agoThis suggests that >90% of BTC trading volume is fake: https://www.sciencedirect.com/science/article/abs/pii/S1544612321000635#:~:text=The%20Bitwise%20Management%20report%20suggests,non%2Dregulated%20exchanges%20is%20fake https://www.sciencedirect.com/science/article/abs/pii/S15446.... But the study is from 2021, maybe introduction of Bitcoin ETFs made things better.
- deleted 2y ago[deleted]