Friday, December 4, 2020
coincasso bitcoin exchange banner
Home News Exchanges News The whale's leaving Bitfinex after Bitcoin (BTC) hits $10,000. Is this the...

The whale’s leaving Bitfinex after Bitcoin (BTC) hits $10,000. Is this the signal of an upcoming boom?

Joe007, the biggest investor on the crypto stock exchange Bitfinex, disappeared after Bitcoin reached $10,000. 

The big player leaves the table

The biggest whale on the Bitfinex exchange Joe007 thought that Bitcoin’s price would fall, wanting to earn a short position, left the game, after reaching the Bitcoin price of $10,000 per block. 

Bitcoin hit 10,000 dollars

Source: TradingView

Joe007 just before disappearing, he said goodbye to his twitter followers, deleted his account and disappeared from the Bitfinex scoreboard, no longer showing his transactions and position profitability publicly. 

The departure of one of Bitfinex’s biggest players is due to a short contract of $20 million at a time when BTC was $6,800 and losing, believing that Bitcoin would fall even lower.

Joe007 lost 20 millions dollars on Bitfinex BTC

In his last tweet he said: “Although the journey was unexpectedly exciting, it was over. From the very beginning, my involvement was a time-limited experiment, because my opponents were right: I can’t afford Twitter. Unfortunately, there are many reasons why I cannot stay.”

Joe leaves after losing 20 millions of dollars

Why does it matter?

For the last six months, Joe007 has been probably the most profitable Bitcoin investor in the crypto futures market. The whale has been making average profits of $10 million each month.

Joe earn 10 millions a month on bitfinex

From September 2019 to April 2020, Joe made over $60 million. Other whales have made a loss of $25 million in the same period. The disappearance of the whale from the game is very important because it means that the 6-month run has been interrupted.

A strong upward trend or a great decline?

Bitcoin rally can be justified. This time BTC shows a different trend before halving (the phenomenon of dividing the reward for BTC’s output in half from 12.5 to 6.25 BTC per block which is to take place in just 4 days). According to some analyses, the price may not see any major drops anymore.

Exchanges such as Coinbase and Binance have recorded a record volume of BTC purchases. Current investor behaviour has a positive impact on Bitcoin’s price and FOMO only strengthens its position as the leading crypto. 

Will price of BTC go down or up after halving

Despite such positive signs, we will continue to encounter opinions in the crypto world, saying that Joe007, deleted Twitter and disappeared from the Bitfinex board, just for the sake of its confidence in the drop and increase its position twice. It sounds like a conspiracy theory, but Joe himself, some time ago, warned that the price of Bitcoin halving is already included in the course.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Sidebar Widget
USD
EUR
PLN
RUB
bitcoinBitcoin (BTC)
$ 19,032.34
ethereumEthereum (ETH)
$ 594.09
tetherTether (USDT)
$ 1.00
rippleXRP (XRP)
$ 0.607703
bitcoin-cashBitcoin Cash (BCH)
$ 286.38
litecoinLitecoin (LTC)
$ 85.74
tronTRON (TRX)
$ 0.030664
moneroMonero (XMR)
$ 132.08
dashDash (DASH)
$ 104.95
eosEOS (EOS)
$ 3.02
dogecoinDogecoin (DOGE)
$ 0.003332
bitcoinBitcoin (BTC)
15.736,60
ethereumEthereum (ETH)
491,21
tetherTether (USDT)
0,826835
rippleXRP (XRP)
0,502470
bitcoin-cashBitcoin Cash (BCH)
236,79
litecoinLitecoin (LTC)
70,89
tronTRON (TRX)
0,025354
moneroMonero (XMR)
109,21
dashDash (DASH)
86,78
eosEOS (EOS)
2,50
dogecoinDogecoin (DOGE)
0,002755
bitcoinBitcoin (BTC)
70,637.58
ethereumEthereum (ETH)
2,204.94
tetherTether (USDT)
3.71
rippleXRP (XRP)
2.26
bitcoin-cashBitcoin Cash (BCH)
1,062.89
litecoinLitecoin (LTC)
318.22
tronTRON (TRX)
0.113808
moneroMonero (XMR)
490.21
dashDash (DASH)
389.52
eosEOS (EOS)
11.21
dogecoinDogecoin (DOGE)
0.012367
bitcoinBitcoin (BTC)
1,429,588.53
ethereumEthereum (ETH)
44,624.27
tetherTether (USDT)
75.11
rippleXRP (XRP)
45.65
bitcoin-cashBitcoin Cash (BCH)
21,511.05
litecoinLitecoin (LTC)
6,440.24
tronTRON (TRX)
2.30
moneroMonero (XMR)
9,921.01
dashDash (DASH)
7,883.18
eosEOS (EOS)
226.84
dogecoinDogecoin (DOGE)
0.250279
Sidebar Post
coincasso bitcoin exchange banner

Latest News

CBDC becoming more and more popular

More and more countries are planning and developing the emission of their own crypto. Lithuania announces the launch of its CBDC in July, while...

Bitcoin versus gold, what is a better investment?

Since the global COVID-19 pandemic, people have been looking for an alternative to keeping their savings in their domestic currencies. Some of them choose...

The Medical University of California forced to pay the ransom

Hackers hacked into Medical University computers and demanded a ransom for unlocking the data. After not very fruitful negotiations, the hackers received 116.4 BTC. A...

Blockchain e-voting system was attacked

Bitfury working for the Russian government was attacked at the weekend. Are innovative solutions safe? Problems in the Russian voting system  The Russian system of voting...

Crypto-powered online game tournaments are the future of this market

The Counter-Strike stars will soon be taking part in a cryptographic tournament, while fans will be able to bet on the score with VRA...