TYB!
> >>20867737 (pb) Manbun Moustache explains GameStop
Anon knows exactly how this is happening; or at least, could be happening.
A bunch of whales just sold about 8,000 BTC.
They freed up some cash; @$62K, that'd be $496,000,000. GME market cap is $14.9B; AMC's is only $2.0B though, so that's 1/4 of AMC's market cap.
Looking back a couple months, see a ~50,000 BTC volume day (not all of which are sales of course), and a dozen or so 40,000 BTC volume days.
A bunch of whales moved BTC out of wallets for the first time in a long time recently, as well. CoinTelegraph reported on that.
So BTC, invented to be a value hold against fiat currency, a form of digital gold, might also be one of the vehicles to destroy the fiat naked shorting games for good!
kek