Cryptocurrency
Bitfinex Whale Who Warned About Bitcoin Fiat Inflow Is Up $2M in Profit
As reported by NewsBTC, “Bitcoin has seen some turbulent price action over the past couple of days, with the cryptocurrency briefly rallying to highs of over $9,600 before incurring a swift selloff that has sent BTC down into the lower-$9,000 region. “The drop that has occurred over the past few days has sparked concerns amongst […]
As reported by NewsBTC, “Bitcoin has seen some turbulent price action over the past couple of days, with the cryptocurrency briefly rallying to highs of over $9,600 before incurring a swift selloff that has sent BTC down into the lower-$9,000 region.
“The drop that has occurred over the past few days has sparked concerns amongst investors that the cryptocurrency’s bullish market structure is beginning to dissolve, but this downturn has translated into massive profits for some BTC whales.
“One such whale, who recently noted that fiat inflows/outflows are key to determining Bitcoin’s trend, appears to have profited massively off of this movement, earning nearly $2 million…”