25
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 20 Apr 2025
25 points (100.0% liked)
TechTakes
1864 readers
96 users here now
Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
This is not debate club. Unless it’s amusing debate.
For actually-good tech, you want our NotAwfulTech community
founded 2 years ago
MODERATORS
Isnt the money in volume in bitcoin quite low reportedly? I figure the exchanges can track that, but not sure if they release that data, which should show if this is real at all
@David Gerard could probably throw the actual numbers and sources at us to back it up. I don't really have the background to put the numbers in context and have largely trusted his and others' reporting on the subject, but my understanding is that especially if you consider the volume of actual USD liquidity rather than trusting Tether and other stablecoins to actually be backed then it's truly dire. Even if you take the numbers at face value, however, I don't think there's nearly enough depth in the order book to absorb a meaningful amount of sell pressure at current prices.