harrym on Nostr: I've always assumed the sellers are close to the money printer. On an exchange that ...
I've always assumed the sellers are close to the money printer. On an exchange that means they have access to enough collateral to short bitcoin almost without limit. Then buy it back (to repay the bitcoin loan) slowly while traders are still panic selling (because the initial shorts were so sudden).
Sound sensible?
Published at
2024-09-17 14:00:55Event JSON
{
"id": "2030089c9f176d289b5fe69e5ba4336b38b29eb0239befb6e1641cff1fbfec10",
"pubkey": "f82aeed49547756ffa1a1334ebc7465e72ad24609f8da773046775c84ae85952",
"created_at": 1726581655,
"kind": 1,
"tags": [
[
"e",
"966671c8ac72a71129db6cb8a38fd97aaad517af18eae73b58cde6103f058b41",
"",
"root"
],
[
"e",
"dced591f3265ced9da8c62d7598da30fdedb5ba2dce0e28ea44b897a1b1cbfda",
"",
"reply"
],
[
"p",
"6e75f7972397ca3295e0f4ca0fbc6eb9cc79be85bafdd56bd378220ca8eee74e",
"",
"mention"
],
[
"p",
"38dbb9b07d93861d40620ad62d44b1a8e8785df0997eeb4454f12d217048cd5c",
"",
"mention"
]
],
"content": "I've always assumed the sellers are close to the money printer. On an exchange that means they have access to enough collateral to short bitcoin almost without limit. Then buy it back (to repay the bitcoin loan) slowly while traders are still panic selling (because the initial shorts were so sudden).\n\nSound sensible?",
"sig": "414387a864be81170500373e2bd8ab83e0611e57109c1c83e2f01e8bfc9fd9f0f1bb30a4fdbbe4b314694aa82b5ce9f03991a335fc0049810d9d7edcc1576df0"
}
