Previous bitfinex whale who bought the bottom and sold the top, has now pulled his 1,000+ BTC bids from 37k and 34k

This is a visual orderbook and shows where resting (limit) orders are, the brighter the white the higher value the order is, the more blue to colour the lower the blue. If price pierces through the colour it means the order has been filled, however orders can also be removed in which case the colour will disappear before price touches it (what happened in this case)

As most of you will know most of the ‘whales’ trade on bitfinex, and this specific pictures I’ve sent are from the bitfinex orderbooks. The same whale who purchased over 1600 coins from the prices between 37.5k down to 34.5 has taken profit from 45k-48k and had successfully rebought between 43.8k-40k. This type of orders are referred to as ‘Iceberg orders’

However his remaining orders that remained unfilled from lower prices from the Ukraine invasion dip, he has now pulled from the market. These orders combine at over 1,000+ BTC total.

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31 thoughts on “Previous bitfinex whale who bought the bottom and sold the top, has now pulled his 1,000+ BTC bids from 37k and 34k”

  1. The two ways of looking at it:

    1. He thinks the price will not go lower and those orders probably won’t get filled.
    2. He thinks the price will go much lower so cancelling those orders.

    Pick your poison

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  2. So these bids account to a total of $34 million, isn’t that tiny in comparison to the daily trading volume of $27 billion.

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  3. Whales don’t just buy the bottom and sell the top by pure luck, they’re the ones creating the bottoms and tops.

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  4. If you a hodler, and dont have anywhere near the liquidity of this whale example, than maybe you should just keep your opinion. OP is showing you a educational post on someone (or group) who are professional traders and understand the market and money/trade management. Stay in your lane hodlers.

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  5. But the pulled orders have not been replaced so far haven’t they?
    I think this whale doesn’t expect BTC to drop that low anymore.

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  6. Well taking the full lunar eclipse may 15th-16th into account I’m leaning extra bearish. They have set record market lows in the past and are associated with bearish movement. Last year Bitcoin tanks a couple weeks before the lunar eclipse last year.

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  7. This could be either way, they’re expecting price to go higher or much lower. Don’t see any significant really

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  8. He’s thinking to buy lower

    Right?

    Should’ve wrote he cancelled his orders so that it’d be clear to everyone trying to read

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  9. Now you and everyone else think that means the bottom is in, perhaps it’s finally time to really put the bottom in.

    Whales can wait all the time in the world and play all the games in the world to get as many people to collectively build a pot for them to cash in on.

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  10. Genuinely curious…. How do we know most whales trade on Bitfinex? Also why is Bitfinex preferred?

    For the record I’m no whale but I’ve been thinking 34.5 will be our bottom. With a small chance of 30k being the absolute low

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  11. Sorry I missed the part where you are able to attribute liquidity on the book to any specific market participant…can you explain that?

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  12. Forgive me if this sounds dumb but all we see is limit orders/ liquidity levels on the order book. How do you know these orders come from the same person and not many people, and from the same whale as stated, and not from someone else?

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  13. Is he pulling them because he expects btc to go lower or because he thinks it’ll never go that low in the near future ?

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  14. Everyone seems to be bracing for a 30K BTC and whales are rarely wrong. Keep stacking and chill. Too many bullish news to keep BTC underwater forever.

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  15. For the previous posts regarding this players movements you can just click on my profile and check my old posts they are all related to this

    Reply

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