10-19-2021, 02:32 PM
Largest ever sell order of 10-14k BTC has just been absorbed by the market like it's
<!-- SC_OFF --><div class="md"><p>According to Colin Wu on Twitter, <em>between 10 and 11 o'clock in the morning today, the trading volume of the BTC/USDT trading pair on OKEX released a huge volume of more than 10,000 BTC.</em></p> <p><em>There is a view that it seems that there was a pending sell order of about 14,000 BTC in the BTC/USDT trading pair on OKEX, but it was subsequently eaten by the buy order.</em></p> <p>For what it's worth, I've read the theories that this could have been: a) Chinese going for a largest ever BTC garage sale after their recent blanket ban; b) swap for tax purposes; c) Tether/Bitfinex dumping BTC in order to buy USDT themselves and restore the failed 1:1 peg; d) [insert your random pick]. </p> <p>What I <em>do</em> know that the market absorbing the single largest BTC sell ever without even a wick on the chart is bullish AF - immense demand/support for the asset.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/robis87"> /u/robis87 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qb7qx7/largest_ever_sell_order_of_1014k_btc_has_just/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qb7qx7/largest_ever_sell_order_of_1014k_btc_has_just/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>According to Colin Wu on Twitter, <em>between 10 and 11 o'clock in the morning today, the trading volume of the BTC/USDT trading pair on OKEX released a huge volume of more than 10,000 BTC.</em></p> <p><em>There is a view that it seems that there was a pending sell order of about 14,000 BTC in the BTC/USDT trading pair on OKEX, but it was subsequently eaten by the buy order.</em></p> <p>For what it's worth, I've read the theories that this could have been: a) Chinese going for a largest ever BTC garage sale after their recent blanket ban; b) swap for tax purposes; c) Tether/Bitfinex dumping BTC in order to buy USDT themselves and restore the failed 1:1 peg; d) [insert your random pick]. </p> <p>What I <em>do</em> know that the market absorbing the single largest BTC sell ever without even a wick on the chart is bullish AF - immense demand/support for the asset.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/robis87"> /u/robis87 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qb7qx7/largest_ever_sell_order_of_1014k_btc_has_just/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qb7qx7/largest_ever_sell_order_of_1014k_btc_has_just/">[comments]</a></span>Kind Regards R