Topic: EOS Crashing Ethereum - page 4. (Read 551 times)
Interesting theory, seems likely
It's pretty clear that this is probably the reason ETH is falling more than most of the other top coins. EOS did have a year long ICO though and raised a ton of ETH, so its no surprise that they'd eventually dump it. The Bitfinex-EOS-Tether relationship is shady as hell though.
I did not copy everything on purpose so that everyone will read the whole article in the full. It's well written and might have covered the events accurately.
Also, I checked some Ethereum forums and some people have said that ETH short selling is in an all time high in Bitfinex. Can anyone confirm if it is true?
An incredible trading volume of some 180,000 eth exchanged hands within that one hour on Bitfinex, up from around 20,000 an hour before hand.
That’s compared to somewhat usual trading volumes of around 20,000 eth on OKex and Gdax, suggesting clearly someone sold a lot of eth on Bitfinex.
On that same exchange, just before hand there were walls too, endless walls as far as traders are concerned, with a 20,000 bearwhale taken down then another one popping up until they may have lost patience and perhaps market sold.
Read in full https://www.trustnodes.com/2018/05/28/eos-crashing-ethereum-300000-eth-sold-just-binance-lists-eos-usdt
Also, I checked some Ethereum forums and some people have said that ETH short selling is in an all time high in Bitfinex. Can anyone confirm if it is true?
An incredible trading volume of some 180,000 eth exchanged hands within that one hour on Bitfinex, up from around 20,000 an hour before hand.
That’s compared to somewhat usual trading volumes of around 20,000 eth on OKex and Gdax, suggesting clearly someone sold a lot of eth on Bitfinex.
On that same exchange, just before hand there were walls too, endless walls as far as traders are concerned, with a 20,000 bearwhale taken down then another one popping up until they may have lost patience and perhaps market sold.
Read in full https://www.trustnodes.com/2018/05/28/eos-crashing-ethereum-300000-eth-sold-just-binance-lists-eos-usdt
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