i cant fathom how people believe 400 million over 6 months could affect the market. @taskmaster4450 is totally spot on in his assessment.
That's like saying a medium sized hedge fund (who over 6 months trades easily 1 billion -2 billion in assets) can crash the stock market.
Uh no..
In crypto...only one guy could do that...that being whomever Satoshi Nakamoto is (who allegedly has 980,000 BTC)
Now that man/person/group...could wipeout this market.
I believe it was a combo of things which caused the BTC drop
-weak buying volume (thats a killer in any financial market)
-Binance's issue (which ended up being 31 compromised accounts)
-weaker buyer sentiment or just indifference to the crypto market by speculators.
Funniest thing i see on crypto Twitter is how many of these crypto gurus...dumped all their alts recently...meanwhile they sell Paetron memberships..i guess to shill shitcoins?
Yeah....that should show you.
Do your own homework.
great post @zer0hedge