Re:CEO of a top Bitcoin exchange warns: crackdown on cryptoc...
by stefan_ on Monday April 12, 2021 @03:46PM
(#26784223)
Eh, when the Archegos fund leveraged at $100B collapsed a few weeks ago, many banks cashed out many billions. It made the news because they gave lots of leverage to a big gambler, not because that event in any macroeconomic sense mattered at all.
You could probably sell one billion in Tether over the course of a few month just fine. Simply stop selling if the price goes below 1 USD and use all large exchanges parallel. It has several billion fake volume so even if real volume is 100 times lower it should suck up an additional billion. Assuming real volume is 100 times lower and you sell over the course of 100 days you would only cause less then 1% of the volume.