Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Doesn't look like 300 will hold on stamp
So before I go to sleep.
What does everyone think is the motivation for this guy sticking 27000 bitcoins in a big ask wall?
Is he trying to stifle any move upwards (otc sale perhaps?) or encourage panic selling into bid walls that belong to him further down so he can accumulate coins?
Or is this a bearish guy who simply wants to sell his coins. 27k seems ludicrously excessive and a terrible way of going about selling.
Theories?
My theorie, its some one that whants the price to go down. They are not intending to sell, otherwhise they would not have closed the sell wall and put it up higher.
And with 30k I think that they can well bring it to 100 -130 if done right.
The question is, who and why
Wild speculation would be, that the winklov brothers need more Bitcoin for there ETF. So they are trying to bring the Price down. ^^
Who is to say the wall wasnt there to:
Sell many thousand coins eating the walls on $300 (He sold ~5k)
Sell a couple thousand from bulltards who buy the wall, immedately after placed (He sold 2k)
Remove most of wall and leave a few k behind to get panic bulltard to eat them (SOMEONE sold 3k here)
Rinse and repeat until 40k coins are disposed of.
not sure it seems not plausible for me that this is a real seller.
nobody puts 30.000 btc in a single wall on a sunday if he wants to sell for real.
it is still 10 million $