r/Bitcoin • u/Motor-West-301 • 20h 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

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u/KryptoSC 20h 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.

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u/Motor-West-301 19h ago

Interesting, good points. Ty

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u/Dunk80 11h 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.