Why is so much CNY being dumped below feed?

[cylonmaker2053]

There is a 24k CNY settlement waiting ..
Either the Chinese are super bullish of BTS, or someone with a lot of CNY would like to exit through a more liquid market e.g. BTS ..
If we are lucky .. someone will sell his BTS into market :)

maybe some "insiders" were leaving before the announcment.

what announcement?

[Shentist]

There is a 24k CNY settlement waiting ..
Either the Chinese are super bullish of BTS, or someone with a lot of CNY would like to exit through a more liquid market e.g. BTS ..
If we are lucky .. someone will sell his BTS into market :)

maybe some "insiders" were leaving before the announcment.

[cylonmaker2053]

There is a 24k CNY settlement waiting ..
Either the Chinese are super bullish of BTS, or someone with a lot of CNY would like to exit through a more liquid market e.g. BTS ..
If we are lucky .. someone will sell his BTS into market :)

yeah it's interesting, that big dump is over. i ended up buying below feed and taking on the 24 hour price exposure to settle.

[xeroc]

There is a 24k CNY settlement waiting ..
Either the Chinese are super bullish of BTS, or someone with a lot of CNY would like to exit through a more liquid market e.g. BTS ..
If we are lucky .. someone will sell his BTS into market :)

[cylonmaker2053]

I've been buying and settling CNY the last few days whenever I see a big order pop up below feed. To me this is an indication that supply exceeds demand at the moment. Anyone actively trading this market have a better explanation?