December 16, 2022

Four of the largest crypto-currencies drop significantly--at the same moment. Hmmm....

Something interesting happened at 4am this morning:  All of the biggest crypto-currencies plunged--a LOT--and at exactly the same time.  Take a look:

To move the market that much means a major selloff.  For that large a selloff to happen in four major crypto-currencies at the same moment means it was almost certainly a single seller, and a huge one.

For the last two months we've been seeing sign after sign of leading indicators pointing to an economic crash, and I've been astonished at what could possibly have been keeping both the stock market and crypto up.  I was amazed that the crash of FTX didn't have much effect, since that should have laid bare all the absurd fraud in crypto.  But, nada.

Of course to protect biden and the Dems before the midterms, the Mainstream Media have been bleating that everything is perfectly fine, no negative signs AT ALL, so that probably accounts for the markets staying high.  But this 4am drop may be a signal.

To move the market that much, someone sold tens of billions.  Presumably (!) such a wealthy player would have LOTS of sharp analysts, and the selloff wouldn't have been undertaken lightly.  So one has to wonder whether this is the first domino to fall.

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