I've always assumed the sellers are close to the money printer. On an exchange that means they have access to enough collateral to short bitcoin almost without limit. Then buy it back (to repay the bitcoin loan) slowly while traders are still panic selling (because the initial shorts were so sudden).
Sound sensible?
harrym
npub1lq…pfqrh
2024-09-17 14:00:55
in reply to nevent1q…l5vn
Author Public Key
npub1lq4wa4y4ga6kl7s6zv6wh36xtee26frqn7x6wucyva6usjhgt9fqapfqrhPublished at
2024-09-17 14:00:55Event JSON
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