CL207, RLB, FTX estate
- some thoughts from cat
lmeow idk, and no one knows, le base assumption was mkt was bit heated, but theres bids on all exchanges bidding for a dip
— CL (@CL207) November 2, 2023
but if price drift up, bids give up, and chase instead, if they chase, theres now less bids to protect leveraged longs from being wiped by leverage police https://t.co/AFO7VfJy1x
- rlb pvp
these wallets and their secondaries are dumping HARD
— Shual (@0xShual) November 2, 2023
despite that pressure there seems to be enough bidders stepping in
real interesting to see play out https://t.co/SgAdrMpPW9
- ftx estate
1/ FTX estate sent ~$200m of crypto to exchanges over the last week
— 0xRamen (@0xRamenUmai) November 2, 2023
Despite this, prices have held up (and in some cases, risen)
Here's some analysis @0xmize and i (under @OuroResearch) which covers:
- What was sold
- How Galaxy has done
- Liquidity conditions pic.twitter.com/wXNYR8Zeec