I struggle to believe that Saylor is buying tens of thousands of bitcoins and the price is doing nothing. In days with thousands of BTC flows into/out of the ETFs the price action is $5k swings, easy.
Every “sell wall” I’ve seen is single digit thousand at $100k … if Saylor is buying 50k+ BTC the market will move.
Remember, ~165k bitcoins are being freshly distributed every year now. A 50k BTC purchase is absorbing all “new” bitcoin distributed over 4 months.
Show us the proof of reserves, saylor (npub15dq…lm5m)
BoomTown
npub1h4…a2jcm
2024-12-01 17:28:56
in reply to nevent1q…mrmr
Author Public Key
npub1h4lrzqnrne72xj00yl3zzr0k6qn93cqe5g4vvkfechs6mn89mwyqfa2jcmPublished at
2024-12-01 17:28:56Event JSON
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"content": "I struggle to believe that Saylor is buying tens of thousands of bitcoins and the price is doing nothing. In days with thousands of BTC flows into/out of the ETFs the price action is $5k swings, easy.\n\nEvery “sell wall” I’ve seen is single digit thousand at $100k … if Saylor is buying 50k+ BTC the market will move.\n\nRemember, ~165k bitcoins are being freshly distributed every year now. A 50k BTC purchase is absorbing all “new” bitcoin distributed over 4 months.\n\nShow us the proof of reserves, nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m",
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