They have software known as a trading bot. It will auto set bids for small amounts and they will do this continuously for a few days or weeks until the amount is purchased.
Discussion
Could I think about it like they built their own private party to a set side of all P2P trades on like a #[4] or #[5] for a few days?
And that’s how you can stay low profile I’d assume and not so a 🐋 alert and move the #bitcoin price too much.
Interesting 🤔🧡🤙.
Yes it is kind of like that. They would use a higher volume exchange like Coinbase Pro, but they will try to buy .26434 Bitcoin and then .234106 Bitcoin and then .1456543, etc random amounts and then other people don't see a pattern or large volume. If the market moves, the bot reprices a penny below current price and continues. So then it does support the market from dropping, but doesn't raise price if they are patient enough.
Thanks for the great explanation! 🤙