mike on Nostr: Huge numbers of BTC being sold OTC to ETFs. Mining fees $50 for consolidations. - ...
Huge numbers of BTC being sold OTC to ETFs.
Mining fees $50 for consolidations.
- Typical fee $15,000 to consolidate $40,000 of UTXOs.
What is this fuckery?
This is blatant market manipulation on a public blockchain for the world to see.
We're seeing what normally goes on behind closed doors in public.
Published at
2024-06-07 20:15:11Event JSON
{
"id": "cf0414a5cc908cd4fc5b4f9109270f33e9430c9b695f009f3061264303fedfa9",
"pubkey": "e83b66a8ed2d37c07d1abea6e1b000a15549c69508fa4c5875556d52b0526c2b",
"created_at": 1717784111,
"kind": 1,
"tags": [],
"content": "Huge numbers of BTC being sold OTC to ETFs. \nMining fees $50 for consolidations.\n - Typical fee $15,000 to consolidate $40,000 of UTXOs.\n\nWhat is this fuckery?\n\nThis is blatant market manipulation on a public blockchain for the world to see.\n\nWe're seeing what normally goes on behind closed doors in public.",
"sig": "2f5ea98a2403d530c78488952db7cf81347128b75f569ba69c3cb2b41a28e9df7f8bd5c9821f2aac6cfaede323e3647be2479d3903989562ea3b6ac6c45dd9dd"
}
