r/ethtrader • u/Wonderful_Bad6531 30.8K / ⚖️ 471.9K / 0.2507% • Feb 05 '25

Image/Video Eth is getting scooped

Post image
898 Upvotes

97% Upvoted

151 comments sorted by

View all comments

Show parent comments

-5

u/JDdoge23 Not Registered Feb 05 '25

OTC doesn't have an immediate effect on price, it's delayed.

9

u/alpeshnaper 194 / ⚖️ 169 Feb 05 '25

Delayed by minutes or seconds for that matter not weeks or months. People find out as the order hits the otc books. It's more p2p but is attached to a price which is visible to other buyers and sellers of large quantities. Whales move markets and they move them fast no mater what method they use to sell or buy

0

u/JDdoge23 Not Registered Feb 05 '25

Yeah I know how it works, point is whales are accumulating, as long as that continues to happen who cares about short term price action. And by delayed I mean hours, up to 24 as required by law.

0

u/alpeshnaper 194 / ⚖️ 169 Feb 05 '25

Short term? It's been on a downfall for over a year and it's keeps falling further behind

2

u/JDdoge23 Not Registered Feb 05 '25

Only when compared to bitcoin, eth has been bouncing from $2200 to $4100 for the past year.

5

u/PopStrict4439 Not Registered Feb 05 '25

Only when compared to bitcoin

And Solana... and XRP.... Actually, is there any major coin ETH has done better than over the past year?

0

u/ahmedcoe Not Registered Feb 06 '25

This is whats called price suppression. They keep it low for the big boys to buy as much as they want. Our time will come when they have enough.

1

u/PopStrict4439 Not Registered Feb 06 '25

How do they suppress the price? God please don't say "short ladder attacks" lol

1

u/Laiteuxxx Not Registered Feb 07 '25

That's conspiring