JUST IN: A Bitcoin whale sold 24,000 BTC worth over $2.7 bil | BitEagle News on Binance Square

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JUST IN: A Bitcoin whale sold 24,000 BTC worth over $2.7 billion, causing today’s -$4,000 crash in minutes.
They still hold 152,874 BTC worth more than $17 BILLION. 😳

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🇦🇪 UAE owns almost $740 MILLION Bitcoin through mining operations with Citadel Mining 👀 @Arkham was the first to publicly identify this.

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Still in progress ⏳ Also: Despite the market weakness today, it's quite insane how strong Ethereum still is after making such a move. While Bitcoin and alts are retracing a bit, Ethereum is actually trading higher than last weekend (+-4200$) Should show everyone that Ethereum literally has a lot more room to grow. Even from here.

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Just thinking out loud here.. The interesting thing about this dip is that there is still a consensus that things are going higher - eventually. That's why alts look structurally better than $BTC (alongside $ETH - which is strong). Ironically, local bottom is probably in once the top callers get louder and new highs AREN'T consensus anymore. Capitulation > Reversal > New highs I'm prepped in either case..

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Longs liquidated. Then shorts liquidated. Then longs liquidated again. Next? Probably the shorts that piled in during the recent flush. Anyway, why do you think market makers are working so hard to shake everyone out of leveraged positions (especially longs)? Maybe, just maybe, because they’re planning a big move and they don’t want the crowd to profit from it too easily? I’d recommend you go back and look at the history of the magic internet money market. Check out what always happened right before the market went parabolic. Connect the dots. Then it will all make sense.

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There we go. Couldn't hold and gave it back and even made a new low --> liquidity taken on $BTC . Doesn't look too great, seems like we're going to get some great opportunities coming week.

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