BoomTown on Nostr: I struggle to believe that Saylor is buying tens of thousands of bitcoins and the ...
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) Saylor thing feels a little like a perpetual motion machine.
What am I missing?
Published at
2024-12-01 17:31:48Event 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 nostr:note1lse5ueqm35mt3e8sjsksjxdyxzh4kzssugeh9eqfewk7apahlx2smd2de6",
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