Sources
Gabor Gurbacs
I like that a few 10k chunks of Bitcoin moving doesn’t create major market impact. $8 Billion is not nothing, but if at all sold it’ll be scooped up fast by an army of largely institutional buyers. This is the level of adoption we just dreamed of a few years ago.
Simply Bitcoin $6,000,000,000 worth of Bitcoin shorts to be liquidated at $115,000 👀 NEVER SHORT BITCOIN. https://t.co/i8lonsRHSC
Chris ☕️ If $8 billion worth of Bitcoin is sold, we'd see Bitcoin in the low $90k range. It could be more severe depending on liquidations, panic selling, and stop losses. OR If this somehow gets absorbed OTC and we stay above $100k, then I'd consider that hyper bullish.
Additional media
