Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
OgNasty
on 15/10/2024, 17:04:01 UTC
Almost 9000 BTC bought through the ETFs yesterday.
Any effect on the price?
Most of the time I have no idea what is going on with this price action.

well maybe the big swings today are the effect you are looking for.

Yesterday was an interesting day for the stock market. While it was open, it wasn’t a settlement day due to the holiday. That means a lot of strange things could have been occurring with Bitcoin that had to be settled after a longer than usual time. I believe that is the whipsaw action we saw earlier. Probably a one time event and doesn’t necessarily mean much, but it’s clear the price action is upwards…