Someone will ask about my thesis because FinTiwt so just to really drill it out,the thesis is:
“Under a capital flight condition, having BTC on a real dollar exchange will be more valuable than on a USDT exchange, and market dynamics will reflect that.”
9/
Post by twetch#7124
But wait, this sandwich comes with chips!
Digging in more, I found the following useful twitter search string:
"from unknown wallet to #Coinbase" (from:whale_alert)
Go ahead: try it out, I'll wait here.
10/
What the chain says
- Block
- 668 977
- Time
- 2021-01-07T18:02:58Z
- Signer
- 19CZX2Au1CCbFug3HjjtevywLSRXCm1AZf
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#7124
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
19CZX2Au1CCbFug3HjjtevywLSRXCm1AZf VerifiedReplies (11)
Interesting right? What you're looking at is a transaction record of large, unknown actors moving money to Coinbase, a real dollar exchange.
You can sub 'Coinbase’ for ‘Kraken’ or whatever, but let's stay here and poke around for a bit first.
11/
Note that our hypothesis has 2 dominant capital carriers: BTC and XLM.
If we chart these volumes out, it’s curious to note the large spikes during USA holidays:
12/
These BTC/XLM flows represent roughly $3.6B of capital flight since November-to Coinbase alone!
I didnt go back farther because I had to hand-collate all this, but it could be interesting for someone who, like me, obviously lives in moms basement.
13/
Oh… did I mention the meal also comes with a beverage?
And it's a fun one: go pull up a chart of XLMUSD (proposed capital carrier)
Wait never mind, I'll do it so nobody has to get up:
14/
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