Topic: ETH BUBBLE IS OVER BTC BEING TAKEN OUT OF POLONIEX - page 3. (Read 3810 times)
Great selling pressure has been shown in eth for the past 5 days and it seems like downtrend gets stronger as the time goes by. Eth gets hammered and sold for btc or fiat and even though it doesnt justify such massive outgoing transactions. In one moment amount of bitcoin in eth orderbooks exceeded the poloniex cold storage and this fact alone let me into conclusion that the bubble could be bursting now as profits being converted into btc and pulled off exchange. I think this pump was timed in such a way that they could take advantage of the time left till halving regroup and get prepared for the btc advance.
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