You just sell in batches...
we've had billions in 24h volume and you don't think one could sell 10-20mil without affecting the price? there's obviously demand there so they'll eat up anything you throw at them at these times.
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2 million HIVE sold to the market in batches – yes, over several days, but this will inevitably affect the price negatively. Someone has to buy this volume.
That's what I was talking about – an ordinary user who sells just presses the sell button, but whales can't do that. They need to sell in batches and spread it over time. They also need liquidity in the form of new buyers coming in.
I can't agree with you right now, it's just not the right time. The market hasn't reached euphoria yet, and there hasn't been that influx of users. As for volumes, high-frequency bots, like those on Binance, can generate a volume of, for example, 1 million USD by cycling 1,000 USD a thousand times. These bots make hundreds of trades per minute, and I don't think I need to explain this to you – volumes can be manipulated however you like. But this is just my opinion, and it could be wrong. I'd be interested to read about how it actually works in practice.
We’ve observed over these past couple of weeks how the price of HIVE soared by 40-60% and then dropped just as rapidly. It’s unlikely that whales were selling millions of coins right now)) Liquidity.