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A comment on Binance Acquires FTX. Parent comment

Re:Binance Acquires FTX by jl2718 on Tuesday November 08, 2022 @08:46PM (#33526697)
One missing piece: $1B BTC being auctioned by the IRS soon. This is such a big number that it will almost certainly be bought at a discount by an arbitrageur and liquidated on the market, so this was the impetus for the broad-market crash that killed their leveraged positions.
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Re:Binance Acquires FTX by chrischattin on Wednesday November 09, 2022 @10:42AM (#33533174)
The 24hr BTC volume on Coinbase alone was $126B. The feds selling $1B won’t make much of a dent.
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Re:Binance Acquires FTX by naveen99 on Wednesday November 09, 2022 @12:56PM (#33535344)
Not on coinbase alone. Coin market cap shows same volume globally
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Re:Binance Acquires FTX by chrischattin on Wednesday November 09, 2022 @03:57PM (#33537709)
Ah yes. You are correct.
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