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Swapping 36,000 BTC for ETH results in a loss of $177M
147 sats \ 3 comments \ @economy 4 Sep Stacker_Stocks
The Bitcoin whale, which had been selling since August 20th, exchanged 36,000 BTC ($4 billion) for 886,000 ETH.
Although the initial movement boosted ETHBTC, it ended up correcting ~11%, and now the 886,000 ETH can only buy 34,373 BTC.
A loss of ~1,600 BTC ($177 million)
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11 sats \ 0 replies \ @freetx 4 Sep
Imagine how happy Vitalik is...you have a coin with infinite supply....he can just print another 886000 ETH when he sees a big whale come along and scoop up a free 36000 BTC.
Thats a great business model.
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0 sats \ 0 replies \ @Entrep 4 Sep
Crazy what most people do, this is called self harm
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0 sats \ 0 replies \ @BlokchainB 4 Sep
Tom Lee? Was that you ?
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