Quote from: Ararbermas on Today at 03:35:31 PM

Quote from: XEN_Protocol on November 09, 2022, 05:24:37 PM

Galaxy Digital also have over 70 million dollars tied to FTX Exchange, they are now withdrawing 47m $ and already at a loss of 68m $, I think we will keep seeing some more dips.

Is this all planned work or just the brutal of a bear market because it seems that in every bear market worst things like this always happens.

Now I have no choice but to believe that 10,000$ BTC is possible.

News Link below

http://coindesk.com/business/2022/11/09/crypto-finance-firm-galaxy-digital-reveals-768m-exposure-linked-to-ftx

the situation is still as is mate, i mean there's no changes since the market start to show a bearish sign and its normal that till now it keeps making correction. However if that news is true perhaps the company have a good reason to dump despite of the situation and i believe it will not make the market affected unless if we don't panic as its very common since day one. Indeed they're are not the only one who owns massive amount of crypto in the space, so i think there's no need to worry about it IMO. Wherein just keep believing instead that afterwards market will recover from the dip.

There might be some companies and individuals which might be holding lots of coins on to their stashes but doesnt mean that they could really be the ones who could make out huge or sure impact on the market.

Its true that lots had been also owning coins or totally been distributed although there are ones who do hold lots but wont really be that precise on telling that they have the full control.

Dumps causes out by fuds is not really something new, even on a market which doesnt really have any news or fundamentals could really still make that random movement
which is totally unpredictable.