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RE: Who is Buying the BTC dip with $400mm?

in #bitcoin6 years ago

I agree with @liotap's assessment. Typically you will have prop desks within the firms that focus on "special situations", that is non-traditional investments. Thus I think that many of the firms have long established relatively small positions, however, given the recent surge, its appears more formal positions have been taken.

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Great point re your point on propriety trading desks within the banks.