This is really interesting thanks for sharing.
@MaydayJane the reason Bitcoin has always been volatile is that a high percentage of holders are either retail traders trying to get rich or a few massive private investors…In this case, it looks like one of those massive private holders has sold out of their position. Bitcoin is unregulated so they can do so at their pleasure.
If you compare Bitcoin to say cash which is held by every individual and thousands of institutions. If one institution sells out of a position they is not a big impact.
Well I know what I’m going to do with my day now study what happens when someone sells 1 billion worth of bitcoin