If you were a multi-billion dollar corporation, would you be able to know what was going to happen in the financial-politico arena before it takes place?
Would you be able to get some insider tips?
If you were a multi-billion dollar corporation competing with thousands of companies worldwide, would you be able to get some piece of favorable news before it is released to the public?
Who is buying all those (coin)bitcoins and why?
A whale could be in the process of buying tons of bitcoins to profit from the upcoming crash? Nope, a crash would lead to losses more likely, before a crash it is wiser to sell.
A whale institution could be buying in order to profit from an upcoming surge in prices? Possible, definitely possible.
A big exchange could be buying tons of bitcoin in preparation for a big increase in demand by its customers, knowing that supply in the future will be low? That would be a smart whale/institution/exchange or all three combined.
I think they are buying all these bitcoins on behalf of their customers. Is not like they want to amass and accumulate bitcoin even though that is also a part of the reason why, but because some wealthy billionaire clients want exposure to bitcoin and they are being used as the intermediary.
If we are bullish, do not let the outside noise get to you. See how reality is matching price action and the facts. Only people have doubts, the rest has been going exactly as it should.
RichardMilk
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CZ lol
AlanSantana
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@RichardMilk, Coinbase is doing most of the buying. They've been getting billions in USDC before each bitcoin pump.
Imdmagic1
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Easy... manipulation by whales, just like always. Trying to bring back retail before unloading into the volume.
Nefling
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blackrock
AlanSantana
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@Nefling, Nice one and I agree. Thanks for sharing.
crystal15
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whales buying cheap and selling it back to consumers on some good news. IDK. no Crystal ball forsure.