Oddbean new post about | logout
 Yes.

Then there is also the legacy brokers trading Bitcoin for the sole purpose of making more $. They're make money on the long and on the short side. Their actions are dictated by the algos and most of their trading is automated. Hence if there is a larger liquidation their bots will act and automatically act by opening long or short positions.

Also, if we want to talk about price suppression while questioning if ETFs are backed 1:1, they don't need to issue paper BTC to tamper with the market. The only thing those firms need is their brokerage buddies to keep on putting sell pressure on the retail order book. With billions of dollars in play supressing the books is an easy talk unless all of us enter a buy freenzie similar to what we've previously seen with GameStop's GME. In other words we're not buying enough right now to outweigh the artificial sell pressure. 
 track algo traders 4 value taken & who/where deployed?  i lack such skills atm/ just sum thoughts  t-y 
 track algo traders 4 value taken & who/where deployed?  i lack such skills atm/ just sum thoughts  t-y nostr.fmt.wiz.biz