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bitbybit | 5 months ago (raw) | export | reply | flag +2 
 #Bitcoin is controlled by ETH
But nobody wants to talk about that.

BTC-ETH spread suppresses the #Bitcoin price
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OceanSlim | 5 months ago (raw) | root | parent | reply | flag 
 Influence is not control
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bitbybit | 5 months ago (raw) | root | parent | reply | flag 
 Buy ETH (with the unlimited dollars banks/fed have). Convert to bitcoin with spread (ETH-BTC spread) sell bitcoin.  Rinse and repeat.  Happens all day https://image.nostr.build/ae22b07bf20dde62dc4308161ffca40c76fe93f4e0139def14fb35c0d6e80da0.jpg
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bitbybit | 5 months ago (raw) | root | parent | reply | flag 
 Seriously pull up the ETH-BTC spread on anything and watch them manipulate it.  It's the most wild thing I have seen in markets.
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Parasites_6102 | 5 months ago (raw) | root | parent | reply | flag 
 Thanks to them. I get to buy cheap sats.
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sourcenode | 5 months ago (raw) | root | parent | reply | flag 
 There are only so many people willing to sell sats for ETH. That will run out just like it will for the dollar.

There's no control, it's just a waiting game. 

If anything the BTC price predicts what all the shitcoins do.
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bitbybit | 5 months ago (raw) | root | parent | reply | flag 
 It's just a way to conveniently stop it from rallying.  The last thing the establishment wants is this thing going over 100k.  Then people start scratching their heads.  It's all a perception game.