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Who cares about $25bn?

These guys hacked the SEC, made huge announcement tweet, and only got a 3% move from that. More over, they only had a 10 minute window to close whatever positions they had before BTC crashed through it's pre-hack price.

There is a fair chance that they actually lost money on this play, lol.



The expectation is that the ETF is going to be approved very soon, so it's priced in.


You can 100x leverage on a lot of sites, that 3% now = 300% gain.

As you say though 10 mins is a small window, but they could have easily set a Conservative stop on doubling their money with only a 1% gain.


This wasn't a pump and dump. If they wanted to, they should've posted about a rejection when it was 95% surely going to be approved and with a long squeeze happening along the way, they could've easily gotten a 10% movement down and back up.


Should have tweeted something like filing charges against Ethereum for being an unregistered security.




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