Monday, June 3, 2019

BTC Dump: Pure Whale Manipulation

The BTC dump today was completely manufactured:

  • About 20-30 mins before the dump, a whale moved 25k BTC (worth $215M) to Coinbase: link
  • About an hour after the dump, a whale moved 14k BTC (worth $112M) from Coinbase to another wallet: link
  • 40 mins after that, a whale moved 11k BTC (worth $88M) from Coinbase to another wallet: link
  • 15 mins after that, a whale moved 10M USDT from one wallet to another: link

If you do a little math and follow the timeline, it's not hard to see that someone dumped 25k BTC for $215M and bought it back shortly after for $200M. In doing so, they pocketed $15M and walked away with the same amount of BTC as they started with.

Fuckers.



Submitted June 03, 2019 at 10:22PM by makoveli http://bit.ly/2QHR6XS

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