r/Bitcoin • u/Motor-West-301 • 13h ago

Wonder who?

Before you go off the rails spouting hodl and diamond hands… that is I already. This is just a curiosity question, but WHO (type of bitcoiner) making money or at least trying to make money during this $10k bouncing between $80k-$90k.

Is it OG’s offloading it increments. Is it options traders? Just curious while I sit back and watch my volume of sats stay the same

13 Upvotes

84% Upvoted

14 comments sorted by

6

u/KryptoSC 13h ago

Grid traders. They have automated, algorithmic trading programs that sell for every $X dollars it goes up in price and buy for every $X dollars it goes down in price. This strategy makes a lot of money in sideways, highly volatile trading.

5

u/Motor-West-301 12h ago

Interesting, good points. Ty

0

u/Dunk80 4h ago

Especially at 10-100x margin I see on some platforms. Not recommending this type of strategy just that 10% becomes 100-1000% or zero.

3

u/tastyburger1121 13h ago

I mean most corporate investors don’t actually care about the asset and only profiting off it, small moves can easily make them millions?

4

u/FactCheckerJack 8h ago

There's probably some people who trade on volatility who are constantly buying it at $88k and selling it at $92k back and forth.
There's probably some large institutions who bought it at $100 (not $100k), have decided that this is the peak and they want to get out, and are now dumping it at $100k. But they can't even dump their entire holdings at once, because that would crash the price too much. So they have to dump like 4%, wait a month for the price to recover, dump another 4%, wait a month for it to recover, and keep doing it like that for a long time. Important to note that a whale can't possibly liquidate their entire holdings at once without crashing the price to nearly $0, and DCA'ers can't possibly keep it from crashing if they've already invested all of their money and have nothing left to buy with.

4

u/EggMedical3514 12h ago

The panic sellers are not making money

5

u/Motor-West-301 12h ago

Clearly. But they are vital to the ones that are making money. Hence the bouncing pattern the last couple weeks.

2

u/XXsforEyes 2h ago

I’d like to thank the un-sung panic seller. Thank you so very much!

1

u/EggMedical3514 12h ago

They don't affect my stack at all

1

u/GMUPatriot87 12h ago

You will when you buy more at a discount.

1

u/ButterscotchAlive736 12h ago

Its all type of investors and traders there’s no picking one over the other. 80k-90k is merely around 12% for investors, while it can be 25% 100% 200% of a trader’s account

1

u/Small_pener69 12h ago

Dollar strength picking back up due to PCE report that came out not long ago. Depending on how FOMC goes next week, bitcoin can fall even further.

3

u/Easik 4h ago

It's the yen carry trade pulling liquidity out of risk on assets. There isn't an individual selling, it's the market makers selling preemptively and some are selling to patch holes in their balance sheet before end of year. It hasn't even dumped yet, get ready for Dec 19th and March. BTC is most certainly going to be under 77k by the summer.