What happened in the crypto market in a nutshell? People

The rumor is something like blackrock or hedgie made a deal to buy 90% of the liquid at a discount saying they would not dump it, then immediately dumped it causing the price to come down and snowball affect + Bitcoin drop started mass liquidations on the stable coin. Maybe someone else can explain better

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16.05.2022

Benny Lava

Mav Trader
The rumor is something like blackrock or hedgie m...

But why would they do such a thing? Dumping it like that would cost them money, right? Slippage can be real nasty. Smart whales dump slowly, over a longer period of time

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16.05.2022

Mav Trader

Benny Lava
But why would they do such a thing? Dumping it lik...

Banks want disaster so politicians regulate because too many people are getting rich in crypto and the dollar is dead. If they regulate to where only accredited investors can buy, you’ll have to have 100k to invest

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16.05.2022

Rudder Автор вопроса

Benny Lava
But why would they do such a thing? Dumping it lik...

So just rumors? I thought maybe there was a proven reason. The coin literally went from above $60 to zero in a week.

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16.05.2022

Mav Trader

Rudder
So just rumors? I thought maybe there was a proven...

Pretty sure it’s mostly or partly true but I wouldn’t say 100% anything without first hand knowledge.

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16.05.2022