As I said wall was cancelled and as soon as it disappear price droped. It wasnt fight between 2 whales. In my opinion 1 whale was showing strength. But im not quite sure why.
1- to cause daytraders move their orders over wall to sell it to them on higher prices. (would he risk filling 170 mil trade if he intends to sell? )
2- to look for another whale willing to sell - noone was interrested so he cancelled to stop price increasing. It might be like this. I have 170 mil to invest in bitcoin. Lets show it on market mayby someone want to sell that much on that price if not ill use another tactick.
3- bitfinex bug?
Topic: Bitcoin trading - 22 000 btc wall - close to 170 mln (Read 130 times)
This is what we call a typical price manipulation in this market. This is practically a fight between whales and they tried to push the prices down so as to get btc cheaper.
i missed it but it seems to me that it was some whale wars going on yesterday. someone was pushing down the price all day yesterday to bring it down to $7k levels despite a good buy support to keep it above $8k and maybe other whales disagreed with this push down and started trying to prevent it by placing these fake buy walls that were moving and never being filled. in any case they weren't that successful since we are currently at $7.5k!
I have the same impression - whales war, some whales disagreeing on the push down - , especially, while the price was going down quickly I've noticed big buys going on (150-200 BTC in one trade).
And yes, fake walls can be part of such strategy.
However, I was expecting from the other whales already getting the price back to 8k levels...
i missed it but it seems to me that it was some whale wars going on yesterday. someone was pushing down the price all day yesterday to bring it down to $7k levels despite a good buy support to keep it above $8k and maybe other whales disagreed with this push down and started trying to prevent it by placing these fake buy walls that were moving and never being filled. in any case they weren't that successful since we are currently at $7.5k!
Bitcoin on bitfinex has currently 22 000 btc wall 20$ under. 22 000 btc to move btc 20 $ down now (0,25%). Insane in my opinion in current market situation. Thats close to 170 mln $ (perhaps put by 1 big investoror 1 fake investor). Worth to watch in my opinion.
FAKE WALL/GONNA BE EATEN/GONNA MOON ? Put here your bet
Edit:
Main wall moved 10$ up
Edit2 :
Main wall moved another 10$ up
Is it gonna be 10$ up and up till filling those 11-22 k btc?
FAKE WALL/GONNA BE EATEN/GONNA MOON ? Put here your bet
Edit:
Main wall moved 10$ up
Edit2 :
Main wall moved another 10$ up
Is it gonna be 10$ up and up till filling those 11-22 k btc?
It is all about time. Slowly it will be eaten up
22000 is the zoomed out, aggregated result of many buy orders not just one so you can not call it a "wall" exactly. people aren't placing orders with $10 steps.
the real order is about 400-500BTC which is still pretty huge. and it was pulled.
since this was just on bitfinex and nowhere else, i wouldn't really put too much thought into it because even if you manage to manipulate the price in one exchange, the others would go the other way and crush you while arbitrage traders eat through any size of wall if a difference is shaped.
the real order is about 400-500BTC which is still pretty huge. and it was pulled.
since this was just on bitfinex and nowhere else, i wouldn't really put too much thought into it because even if you manage to manipulate the price in one exchange, the others would go the other way and crush you while arbitrage traders eat through any size of wall if a difference is shaped.
Its more than 3% of total volume on all exhanges. Only whale would be able to eat it in current price. Wall could also be moved up and up and up till end of wall (buy all 22k btc) (10% pump ) or make 1 instant pump to +1000$ and hold for 1 day.
It was cumulated only to show it in 1 small photo. Orders was 0-5 btc each 10 cents and 3-5 huge offers 2k-8k btc
This accures to be fake wall which just dissapear. But someone who did it put 170 mil to show it to us.
22000 is the zoomed out, aggregated result of many buy orders not just one so you can not call it a "wall" exactly. people aren't placing orders with $10 steps.
the real order is about 400-500BTC which is still pretty huge. and it was pulled.
since this was just on bitfinex and nowhere else, i wouldn't really put too much thought into it because even if you manage to manipulate the price in one exchange, the others would go the other way and crush you while arbitrage traders eat through any size of wall if a difference is shaped.
the real order is about 400-500BTC which is still pretty huge. and it was pulled.
since this was just on bitfinex and nowhere else, i wouldn't really put too much thought into it because even if you manage to manipulate the price in one exchange, the others would go the other way and crush you while arbitrage traders eat through any size of wall if a difference is shaped.
Bitcoin on bitfinex has currently 22 000 btc wall 20$ under. 22 000 btc to move btc 20 $ down now (0,25%). Insane in my opinion in current market situation. Thats close to 170 mln $ (perhaps put by 1 big investoror 1 fake investor). Worth to watch in my opinion.
FAKE WALL/GONNA BE EATEN/GONNA MOON ? Put here your bet
Edit:
Main wall moved 10$ up
Edit2 :
Main wall moved another 10$ up
Is it gonna be 10$ up and up till filling those 11-22 k btc?
FAKE WALL/GONNA BE EATEN/GONNA MOON ? Put here your bet
Edit:
Main wall moved 10$ up
Edit2 :
Main wall moved another 10$ up
Is it gonna be 10$ up and up till filling those 11-22 k btc?
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