Hi,
Seems, You're bullish again (who could sell, do that to you).
What is their purpose?
As you see, Longs falling hard - Since 26 Sep (and bullish Bitcoin!).
(pretty sure) They know you are waiting for correction, on the other hand, your mistakes benefit them (Zero-sum game). As a result, They need your trust for their new liquidity era!
A zero-sum game is a mathematical representation of a situation in which an advantage that is won by one of two sides is lost by the other .
technical analysis is attached.
Seems, You're bullish again (who could sell, do that to you).
What is their purpose?
As you see, Longs falling hard - Since 26 Sep (and bullish Bitcoin!).
(pretty sure) They know you are waiting for correction, on the other hand, your mistakes benefit them (Zero-sum game). As a result, They need your trust for their new liquidity era!
A zero-sum game is a mathematical representation of a situation in which an advantage that is won by one of two sides is lost by the other .
technical analysis is attached.
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gullible, if you think dump is over (you can never underestimate the gullibility of people).
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Trade closed manually:
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End
It’s an eerie coincidence that a trade of this size happened on exchanges with ties to Chinese customers during a week beset by that country’s capital market woes.
Like a toddler in a car seat on a long drive, last week the cryptocurrency market persistently asked the gnawing and annoying question, “Why?”
Specifically, why did someone make a massive purchase of $1.6 billion worth of bitcoin on Wednesday in a couple of minutes?
While many see this huge buy as a signal of bullishness, there may be more complex answers when one zooms out and looks at the overall picture, one that involves capital markets beyond the relatively small world of crypto.
Some of the clues about why – and who – may be found in what, where, when and how this enormous bitcoin trade happened.
What?
As CoinDesk’s Muyao Shen reported Wednesday, a buyer or a group of buyers entered an order on a centralized exchange to buy $1.6 billion worth of bitcoin. That’s not nothing – to put it in perspective, that’s roughly 4.5% of the average daily volume in the bitcoin spot market over the past two months.
That much supply hitting the market in under five minutes (13:11 to 13:16 UTC Wednesday) is a lot to jam into any one exchange (or three). It almost immediately sent bitcoin prices skyrocketing 5% to roughly $55,500.
Bitcoin/USDT prices on Binance, midday Wednesday (TradingView)
A buyer with a long-term perspective would be more careful if the goal was to get in at the best possible price to mitigate the risk of that rascal known as slippage.
Slippage is more than what happens when a bartender fills your glass to the brim and you walk it over to your table while George Thorogood is blaring in the background. It’s the difference between the execution price and the midpoint between the bid and ask price that got you to take on the trade in the first place. With a big buy, filling every offer eventually pushes the transaction price (and thus the average execution price) higher and higher. But do it in dribs and drabs and you give new sellers time to place orders that can be filled slowly but at a potentially lower price than if it were to be done all at once.
www.coindesk.com/mar...n-wednesday-and-why/