I had some money hit my Coinbase account over the weekend.
Last night I was going to put it to work… but it got late.
Big mistake, check out the crypto top 10 today.
So what’s going on? Good question.
Here’s an interesting observation from Joseph Young on Twitter.
Wow… $80 million “absorbed.”
One of my crypto trading buddies tells me whales like to put up big sell walls to scare small traders into selling to them.
Then they drop the sell wall and the crypto flies. Maybe this trader couldn’t cancel their sell wall fast enough.
Reuters also had an interesting article on a big mystery order.
Apparently there was a $100 million, algo-managed BTC buy order for $100 million across 3 major exchanges.
Sounds like an institutional order to me… but who knows.
What do you think, is crypto winter over?
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