DWOLFBTC on Nostr: Large buying and self custody traditionally happens when prices are flat to lower ...
Large buying and self custody traditionally happens when prices are flat to lower
This is a sign of large buyers buying over the counter in blocks
What happens in a bull run typically, these buyers will start to slowly unload them on the market over many months on an exchange with an order book
Say it starts at 60k
They’ll wait for retail who just wants to smash buy
60,500 ask = retail bid/buy
62,000 ask = retail smash buy
And so on until they’re out of gas…
I’m from 2017 February, learned this as went from 200 to 20,000 USD within the year
With a decently slow July/august… then bang!
This is a sign of a repeated attempt at massive % gains
This is a sign of large buyers buying over the counter in blocks
What happens in a bull run typically, these buyers will start to slowly unload them on the market over many months on an exchange with an order book
Say it starts at 60k
They’ll wait for retail who just wants to smash buy
60,500 ask = retail bid/buy
62,000 ask = retail smash buy
And so on until they’re out of gas…
I’m from 2017 February, learned this as went from 200 to 20,000 USD within the year
With a decently slow July/august… then bang!
This is a sign of a repeated attempt at massive % gains