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 ( Wink

), 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?

Perhaps you should consider that maybe the whales only use exchanges to dump the price down while accumulating much greater amounts off-exchange at the lower prices they've created with their manipulation.

How long can they do this?
Until liquidity shock?
Then dump all BTC on spot and send the market into lower low regions?
Wait for all the hopeless to sell and buy OTC or from miners again?