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In response to
"I think you make a great point - those familiar with the rules for public companies wouldn't see it as clickbait, but not everyone has familiarity"
by
rollo
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The most pressing factors on Bitcoin were Eastern Europe, Blackrock/Citadel, and the overall economy. Musk being duplicitous is just being on brand.
Posted by
David (aka David)
Jul 21 '22, 09:51
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Selling $900 million in Bitcoin would be about 2-5% of daily volume, depending on when they did it. If they did it gradually, the price pressure wouldn't have been much.
There were reports within the crypto community yesterday that someone sold more than $1 billion in a day. Total volume was $43 billion.
So, the timing of the Tesla headlines is challenging to track since one of the biggest whales also dumped a massive position yesterday. Bitcoin did drop $1,500 in 36 hours largely due to those factors.
I'm genuinely curious how Musk will run this scam again. He's basically BUY PINK2-ing the entire crypto market.
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