Yo, someone break this down for me like I’m five. Every week, Saylor pops up like, “We just scooped another 20k btc.” But who the hell is selling? And why don’t I see the charts going wild if they’re buying that much especially on the weekend with low volume? How’s that possible? Is he doing otc? He sounds like like they’re executing market orders, but the price barely flinches. 🤔
Discussion
Otc maybe or maybe just a constant background hum of DCA ? I'm not sure how the latter would appear to charts. I'm not a chart guy
He's supposedly bought about 1% of all BTC in a very short period of time. Seems strange to me too
btc 5x from then though
Sure OTC
From big og whales probably
OTC
There has been sustained OG selling at this price.
I mean how many coins do these idiots have?
They just sold 20k to saylor over the weekend and have more to dump on the rest of the market this morning?
I don’t buy that this is all organic selling by “OGs”…I hate to be a conspiracy theorist but I think Coinbase is playing games and I just can’t wait until they get smoked and go out of business.
Play stupid games and win stupid prizes
I agree there is likely some paper Bitcoin involved somewhere, probably at Coinbase. But there are many OGs unloading 1000s of Bitcoin they bought for cheap years ago.
Again how many OGs still have 1000s of bitcoins to dump? Saylor has accumulated close to 500k coins and ETFs are vacuuming up a ton also.
Also if you were an OG with thousands of coins why are you dumping your entire stacks here? I can understand peeling off maybe 100 coins to upgrade lifestyle, buy some new toys or take a sick vacation but wtf do you need to dump thousands of coins to sit on a stack of fiat?
I think many are selling just for life upgrades but you can see we are still at elevated long term holder selling. 1-2 year holders are stable/declining.
Exactly my thoughts too.
It’s like Saylor’s playing 4D chess while the rest of us are stuck on checkers. I’d guess OTC too big players don’t mess with weekend liquidity pools. Anyone got the scoop on who’s unloading these stacks.
Everybody says OG’s are selling, but I would expect more acceleration in realized price than we are seeing if that is the case. These seem to be coins purchased at prices not too far off from current market value.
sellers include OGs with lots of coins, probably governments like US and Germany ...
he also doesn't buy or buy the same amount every week... priced moved when he bought last week up to 99k but then the ETH hack tanked the market
The dude might-ve brute-forced some ancient large Bitcoin wallet and is now PR-laundering it by ‘announcing’ his buys in carefully rationed chunks. And slowly reporting them in MicroStrategy’s balance sheet.
Forgot the “ jk 😅 “
People that widened up are selling.
Maybe the Russians are selling?
Hopefully the US gov are selling
Stay humble and stack sats
I believe James Check has been documenting tremendous selling pressure, tho not sure from where https://www.checkonchain.com
Imagine you're at a playground with a secret cookie club. Every week, Saylor announces, "We got 20,000 cookies!" But instead of running into the busy playground to grab cookies where everyone sees and rushes after them, he secretly arranges with a few friends in a quiet corner (that’s like an OTC deal).
So, who’s selling? It's just some club members who already had cookies and decided to trade quietly. Because these trades happen away from the noisy, public market (the playground's main area), the cookie count on the big board (the charts) doesn’t suddenly jump—even if they’re trading a lot.
In short, Saylor's team is likely buying cookies in secret deals to avoid drawing attention, which keeps the public prices calm.