Man, that’s huge 22,000 BTC? That is not a small buy at all. With how low the exchange supply is right now about 2 million + BTC left on exchanges. That’s like almost 1% of what Is left on exchanges. This could cause serious price movement, if they buy it straight from the market, things are gonna explode. Even if they try to do it quietly through OTC to avoid spillage, it will still put pressure on the supply..
According to CMC, the daily volume on exchanges is 510,000 BTC.
Yeah, right. But does the daily volume on CMC usually means only spot trading on all exchanges? and sometimes it might include futures or other stuff too. Like perpetual futures making up to 60% + of all crypto trading volume. Still, 510,000 BTC moving daily is a lot compared to what’s left on exchanges, but a big/huge buy like 22,000 BTC still isn’t something you can just buy without the market noticing…