Houbi Whales added extra Long 500M$ in BTC, 500M$ in ETH in recent high 68k/3k5.
I think It's Justin Sun. His size now is 1B$ BTC, 1B$ ETH. No info about Liq levels.
It's programmed to their coins BTC ETH to be released at the same time yesterday.
What would you do with thousands percentage profit ?
- Mt Gox officially released bitcoin to their customers holding since 2013.
- Ethereum ETF started trading and Grayscale started dumping their ETHs.
Both created for a red day.
A question is this red day is just beginning for bears or just a beartrap ?
JUST IN: Customers, Mt. Gox reports that their distribution has arrived in Kraken accounts.
If no drops on this news, this will mark pico bottom.
Reason why ETH has not moved much is BTC didn't move.
People forgot the owner of game is Bitcoin, not ETH ‼️
It seems Mt Gox really is distributing Bitcoin to their customers after long awaited time ?
Читать полностью…Grayscale sold 9% of their ETH in 2 days.
Logically it should take 2 weeks to see next midterm bottom.
Same as Mt Gox customers actions.
#BTC
TA:
- Price has rejected major trendline at 68k
- Price has lost MA128 daily at 65k
FA & Catalyst:
- Mt Gox released Bitcoin which hold since 2013. Users received Bitcoin and will sell. This is obvious.
A scenario to see capitulation across the board before a real bullrun starts.
There is a chance to see price to touch dower trendline at 50k again.
Bitcoin -1% on the fud.
Mt. Gox bitcoin distribution could be one of the biggest FUD all the time.
If we were in bearmket this would be 10% red candle.
Today's news:
- SEC officially approves spot Ethereum ETF trading for tomorrow.
- BlackRock bought $523 million Bitcoin today
- GrayScale sent $1B ETH to Coinbase on the first day ETF trading