Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
It seems that some entity is stubbornly selling despite the lack of bitcoin inflows to the spot exchanges.
A small nit: whales selling into their own walls is not actually selling.
Although I agree or at least resonate with most of your paranoid theories (
), this one never makes that much sense to me. Why would the "whales" spend the money to do this. Unless, of course, the whales are actually the exchanges themselves?I am not questioning the validity of your theory. I am saying I honestly do not understand it. Can you elucidate?
It could crush 100 x longs which would make serious money for an exchange .
It is why I would love to see a ban on any leveraged trade over 10x short or long. { Will never happen}
Then why not just sell into support? Why the wash trading?
It has long been theorized that whale market makers are either a) colluding with exchanges, and/or b) ARE the exchanges. It makes little difference.
But of course that's not possible because we live in such an honest and moral world, right?
