Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
So basically a whale or company that did not want to take the risk is pulling their money out of BFX the only way they can...through BTC.
Now that same risk adverse whale or company will want to convert back to their precious safe fiat currency on another exchange. Sure they lose money but have less risk. Which also drives the price down on that other exchange.
Now that same risk adverse whale or company will want to convert back to their precious safe fiat currency on another exchange. Sure they lose money but have less risk. Which also drives the price down on that other exchange.
But... bbut... if what they are saying is true, "certain user groups" (whales?) are desperately trying to get more fiat in, presumably to buy more Bitcoin. Not trying to take more fiat out. They said fiat withdrawals are working fine.
Does someone know something?
Bullish.
