Post #7503

🐋 Dumb whale, smart market In 2014 a whale dumped 30,000 BTC on Bitstamp at $300, well below the $330 spot price elsewhere. Panic hit, price briefly crashed to $275, but the market absorbed it and kept moving higher. ➡️ Back then $9M was huge relative to thin liquidity, a single order could move the whole market ➡️ The dump became known as the “bear whale,” a symbol of short-sighted selling ➡️ Buyers who stepped in at $275 captured one of the cleanest asymmetric trades in Bitcoin’s history ➡️Those same coins would be worth more than $3B today Now we’re watching a similar show. Another whale is offloading close to 100,000 BTC in the open, clumsily, even rotating part of it into ETH. Around half is already sold. When supply like this clears, history suggests the market doesn’t follow the whale, it buries him. 🫡Powered by Venture Capital