It appears the heavy hitters are pulling out of BTC and going into Alts such as PPC and NMC and others as of late...
So they exchange BTC for FIAT and buy alts?
I don't think so.
There are not many alts for sale in fiat.
Most of them can be bought for BTC or LTC
Nope they are selling BTC for PPC and NMC right now. USB/BTC arb bots are doing the rest...