Dr. Julian Hosp
Dr. Julian Hosp 1 minutes reading from Bitcoin

10 Likely Sell-Offs on Friday

1/ Remaining knock-outs, and their probability (imho): 1. @Tether_to → only if >50% get redeemed 2. GBTC -> starting to become a serious risk because I believe they have to sell-off bitcoin at some point, causing issues for everyone else 3. Satoshi selling BTC -> unlikely

2/ 4. @saylor selling BTC -> possible, especially if GBTC goes on a selling spree 5. @binance @coinbase or @krakenfx (the 3 major credible exchanges atm imo) going down -> unlikely 6. ethereum code issue -> unlikely

3/ 7. Other altcoin dragging the market down ->

Only bitcoin, ethereum, USDT, USDC and BUSD / BNB have significant power -> rest is too small for a real issue imo 8. Other major trading desk selling -> Jump, QCP, Amber, etc. all not big enough now

9. Regulation killing everything -> super unlikely 10. Code/Cryptography issue in Bitcoin -> unlikely

So, the way I see it, the biggest risk right now is probably GBTC having to sell BTC (which is probably why they don't want to reveal their wallet), pressuring the price and causing liqudations with everyone else.

The rest seems unlikely, which is good.

This post is based on this twitter thread.


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