Flood
@ThinkingUSD
Bitcoin class of 2014 // CEO: @fullstack_trade
Joined December 2016
776 Following 287.7K Followers
By far the most vicious selling I’ve seen in Crypto, feels forced, indiscriminate.
Few theories:
- Secret Sovereign dumping $10B+ (Saudi/UAE/Russia/China)
- Exchange blowup, or Exchange that had tens of billions of dollars of Bitcoin on the balance sheet forced to sell for whatever reason
- Large Deca/CentiBillioniare family facing liquidity crunch (Ellison/Oracle?)
- Hidden leverage in the IBIT ETF, people could borrow against an asset for the first time from GSIBs and potentially over extended themselves significantly
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