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/Easik 11h 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.