Post
Topic
Board Bitcoin Discussion
Re: at binance from March, 12 up to now someone spent 600 mln usd to buy btc
by
avikz
on 12/04/2020, 06:04:14 UTC
at binance from March, 12 up to now (April, 11) someone bought bitcoin and spent 600 mln usd to keep bitcoin at price from 7,200  up to current 6,800

all people there sell bitcoin, and someone bought all this btc, total cost of purchases are about 600 mln usd 
Delta  between btc that was sold  and was bought - about 100 000 btc

any ideas - who, why?

I don't think "someone" is buying this much of bitcoin. It is probably a group of deep-pocket investors who are overtly bullish about the bitcoin's future, are buying! However, I am still not able to find any credible source of your information. If someone had bought it, that would have become a news in crypto news websites, but apparently no one took notice! Most probably it is a group of investors who bought bitcoin but it seems like there are also sellers who sold this amount of bitcoins at the current price level. Big reason to worry?