Quote from: tbct_mt2 on Today at 03:16:50 AM

Quote from: stompix on May 28, 2024, 08:15:47 PM

What 12.400?
It's 141,686 coins being moved
https://mempool.space/address/1JbezDVd9VsK9o1Ga9UqLydeuEvhKLAPs6

With $20 - $30B daily trading volume (https://www.coingecko.com/en/coins/bitcoin/historical_data), if the transaction is only for $12,400 BTC, people would have not feel panic.

I would not be so sure about that, I've talked about that in the past:

Quote from: stompix on April 05, 2024, 01:46:51 PM

Take two half a litre glasses that are 2/3 full, and move 1/10 or 1/5 of the water between them.
You can move like a million litres, that is the volume, but what happens if you try to dump an additional litre into them? They both overflow.
So despite being able to move back an forth 1 million litres, just one poured without 1 taken out made them overflow.

That's the difference between value and market depth.

Look here:
https://coinmarketcap.com/currencies/bitcoin/
BTC/fusd volume is right now 5 billion, but it would take only 4 million to reduce the price by -2% (market depth).

Volume might be misleading, it takes only 3000 coins on Binance to get below 55k right now and then straight out of the order book.
Of course, it's nearly the same thing upwards and it's probably impossible to have all the sellers dump at the same time but I would not count don't the volume t be able to process nearly the same amount Ibit bought in 3 months that triggered the ascension by 30k without a hiccup in reverse.