Someone sold $9 BILLION of bitcoin today, and it barely moved the price! AMAZING!!

00:01 We now know why the Bitcoin price dipped
00:03 today. Someone sold $9 billion of
00:06 Bitcoin into the market today. And it’s
00:09 absolutely incredible that it barely
00:11 moved the Bitcoin price at all. There
00:12 was literally a 3% dip from about
00:15 118,000 to about 115,000. a little more
00:18 than that, but it’s still about a 3% dip
00:21 from the high of 24 hours ago to the
00:25 lowest it got in the last 24 hours,
00:27 which was just under 115,000.
00:30 Uh I I did a post showing the graph the
00:32 day that I bought uh the largest single
00:35 purchase I made in 2021. Uh the price
00:38 had started, I don’t know, 30,000
00:41 something. It had spiked up to 42,000.
00:43 and then it had dropped to 30,000 and
00:46 had recovered to 38,000 by the time I
00:48 got around to buying the Bitcoin I
00:50 bought. So my actual purchase price was
00:52 about $38,000 even though the price
00:54 earlier that day had been $30,000 and
00:57 before that had been $42,000. So if you
01:00 think Bitcoin is volatile, uh you have
01:02 not been here since 2021. So Bitcoin is
01:07 way less volatile. somebody dumps $9
01:09 billion on the market, it barely makes a
01:12 3% blip. Back in 2021, you dump $9
01:15 billion on the market, you would have
01:16 had probably a 40 or 50% price
01:19 correction. Uh anyway, it just shows you
01:21 how resilient Bitcoin is and how many
01:24 people are willing to buy the dips when
01:26 there are dips, which is absolutely
01:27 incredible. Now, you might be wondering
01:29 how much total Bitcoin changed hands
01:31 today. The trading volume of Bitcoin in
01:33 the last 24 hours was over $100 billion.
01:38 I can promise you people on Wall Street
01:40 are paying attention to this. $9 billion
01:42 gets dumped, the price only moves 3% and
01:46 there’s a hundred billion dollars in
01:47 trading volume. That is an absolute
01:49 incredible asset. I mean absolutely
01:52 incredible. the degree to which Bitcoin
01:54 is maturing in front of our very eyes,
01:57 the degree to which the the volatility
01:60 has gotten lower. And that absolutely
02:02 doesn’t mean it can’t at some point in
02:04 the future correct 20% or 30% due to
02:07 much larger macro reasons, but the fact
02:09 that someone can sell $9 billion of
02:12 Bitcoin and it barely moves the price by
02:14 3%. That’s absolutely insane. And then
02:17 within 24 hours, we are back to within
02:20 5% of the highest it’s ever been in
02:22 history after somebody dumped 9% or $9
02:25 billion of Bitcoin. That’s absolutely
02:27 incredible. Uh it’s also a big deal
02:30 because you can only sell Bitcoin that
02:32 old one time. So of that $9 billion of
02:35 Bitcoin, I think 1 billion of it was
02:37 bought for about $8,000. So it was less
02:39 than I think it was 70 78 cents per
02:42 coin. So the initial I think 10,000
02:44 Bitcoin they bought for 78 cents per
02:47 coin um which turned into a billion and
02:50 then they bought a couple hundred,000 of
02:52 additional Bitcoin at about $3 and some
02:55 between $3 and $4 which is where they
02:58 got the other $8 billion of Bitcoin. I
03:01 think it was like 10,000 Bitcoin less
03:03 than a dollar um at 78 if I remember
03:05 right. And then they bought um the
03:08 remainder at uh $3 and some uh obviously
03:11 triple as much but they bought a lot
03:13 more of it. Uh so anyway, so their total
03:15 investment was a couple hundred,000
03:16 which they turned into 9 billion and
03:18 their initial investment was about
03:20 $8,000 that they they turned into $1
03:22 billion. Well, guess what? That person
03:24 does not own that Bitcoin anymore. They
03:26 can only sell it once. So now the market
03:29 price of that Bitcoin, meaning the price
03:30 that that Bitcoin has last changed
03:33 hands, was not $78 and it was not $3.
03:39 It was $116, $115, $117,000.
03:44 Like I meant,000 in all of those
03:46 $115,000 116,000 117,000 somewhere in
03:50 there. So the price that person got for
03:52 that $9 billion Bitcoin, now all of
03:55 those people own 115 or $116 or $117,000
04:00 Bitcoin. Those people are much more
04:03 likely to be along for the ride through
04:05 the ups and downs for the path ahead
04:07 than the guy that’s been sitting on it
04:08 for 14 years. So first of all, congrats
04:11 to him. Anybody that recognized the
04:14 value of Bitcoin that early and was
04:16 willing to buy that much of it, good for
04:18 them. Most people back then thought
04:20 Bitcoin was nothing. It wouldn’t make
04:21 it. It was a scam. It was a Ponzi
04:23 scheme. You know, they just couldn’t
04:25 fathom that something they were buying
04:27 for a dollar could be worth $100,000.
04:30 And whoever this is, we don’t know who
04:31 it is, but whoever it is, they had the
04:33 courage to say, “I’m going to buy $8,000
04:36 of this and then later on I’m going to
04:38 buy another $150, $200,000 of this thing
04:42 that nobody thinks is going to have any
04:44 value.” And they had the courage, they
04:46 had the conviction to spend that kind of
04:48 money, which is absolutely incredible.
04:50 Incredible. So, Bitcoin is an amazing
04:52 beast. Absolutely unparalleled. The fact
04:55 that it can absorb $9 billion is
04:58 absolutely incredible.
04:60 One second here. The fact that it can
05:02 absorb that much uh cell pressure is
05:06 absolutely Sorry, I’m being invaded. Uh
05:09 the fact that it can absorb that
05:10 incredible amount of selling pressure,
05:13 bounce back in less than 24 hours, and
05:15 keep going strong is absolutely 100%
05:18 incredible. So, Bitcoin’s amazing,
05:20 stronger than ever, lower volatility
05:22 than ever, and just an absolute beast.
05:24 Good job for Bitcoin, and good job for
05:26 whoever just, you know, I wouldn’t have
05:27 cashed it out. I don’t know why they
05:29 would ever turn $9 billion of Bitcoin
05:30 into anything other than $9 billion of
05:32 Bitcoin, but apparently they owned a lot
05:34 more Bitcoin than that, and that was uh
05:36 not all their stash. So anyway, they
05:39 just were looking to uh diversify things
05:41 a little bit. Um which is not what I
05:43 would have done, but again, I don’t own
05:45 that much Bitcoin uh anywhere close to
05:47 it. So have a great night everyone.
05:48 Thanks.