Post
Topic
Board Speculation (Altcoins)
Re: bitcoin down, altcoin rise. why?
by
Drowsyface
on 29/10/2018, 10:09:21 UTC
Did anyone else notice that in the last 2 days over $35 Million in Bitcoin have been transfered to Bitfinex, Bitflyer, and Bittrex. All from just 6 individual transactions, with each one being over $6 Million.

It's possible that this is short covering. If I wanted to short a bunch of Bitcoin, I mean a whole bunch, I'd work out OTC agreements with the exchanges since they have the most corn.

Edit: if it is short covering, they have a whole lot more to cover. That dump at the beginning of September involved mass quantities of Bitcoin.