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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. 🤔

𝕞𝕪𝕡𝕒𝕥𝕙𝕥𝕠𝕗𝕚𝕣𝕖 10mo ago

There has been sustained OG selling at this price.

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Discussion

Meyer 10mo ago

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

𝕞𝕪𝕡𝕒𝕥𝕙𝕥𝕠𝕗𝕚𝕣𝕖 10mo ago

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.

Meyer 10mo 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?

𝕞𝕪𝕡𝕒𝕥𝕙𝕥𝕠𝕗𝕚𝕣𝕖 10mo ago

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.