Who Bought $1.6B in Bitcoin Wednesday, and Why?

Who Bought .6B in Bitcoin Wednesday, and Why?
Like a toddler in a car seat on a long drive, last week the cryptocurrency market persistently asked the gnawing and annoying question, “Why?”Specifically, why did someone make a massive purchase of $1.6 billion worth of bitcoin on Wednesday in a couple of minutes?You’re reading Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every Sunday.While many see this huge buy as a signal of bullishness, there may be more complex answers when one zooms out and looks at the overall picture, one that…