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Who Bought $1.6B in Bitcoin on Wednesday?

Who Bought $1.6B in Bitcoin on Wednesday?



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  1. tldr; A buyer or a group of buyers bought $1.6 billion worth of bitcoin in less than five minutes on Wednesday. That’s roughly 4.5% of the average daily volume in the bitcoin spot market over the past two months. The price of bitcoin on a regulated U.S. exchange rose sharply as the trade was underway.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. Article claims at the end it could be spooked tether holders who decided to dump it for btc.

    This is why I don’t understand when people say tether Imploding is bad for btc. Wouldn’t that cause a madrush back into the safest crypto? I could see it harming altcoins though, as liquidity is drained.

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