Salty Cracker on Nostr: I think I'm starting to get why price doesn't go absolutely mental when you see ...
I think I'm starting to get why price doesn't go absolutely mental when you see reports of "Blackrock buys a gazillion, mstr does the same."
Trading desks have sell walls at key points where you lettuce hands are "taking profit," like right now around $100k.
Whales are able to sit at these sell walls and fill all those orders, hoovering up your sats you could be leaving to your posterity to be held by a faceless megacorporation for the indefinite future.
This keeps price in a "boring" range for a bit, then once that sell wall is eaten through, we shoot up to the next wall and chill there for a bit.
This, in addition to the OTC trades that are happening between whales, is what's keeping price low: lettuce.
Am I on the right track?
Trading desks have sell walls at key points where you lettuce hands are "taking profit," like right now around $100k.
Whales are able to sit at these sell walls and fill all those orders, hoovering up your sats you could be leaving to your posterity to be held by a faceless megacorporation for the indefinite future.
This keeps price in a "boring" range for a bit, then once that sell wall is eaten through, we shoot up to the next wall and chill there for a bit.
This, in addition to the OTC trades that are happening between whales, is what's keeping price low: lettuce.
Am I on the right track?