6 years ago
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Now We Know Who Sold the Bottom at $6k And Tried To Crash Bitcoin
And it was this guy – Tokyo whale and Mt.Gox bankrutpcy trustee who sold almost $400 million worth of BTC, some of it at the very bottom on Feb 6th. He crashed the market by 75% by selling the bitcoins in couple of rounds. The MT Gox trustee has sold half a billion worth of bitcoin and bitcoin cash between December 2017 and February 2018 it was revealed today.
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So there's a pool of 180K bitcoin out there that absolutely has to be sold to satisfy victims. Anyone who is speculating should be very wary, there are going to be a lot of market drops whenever big batches are sold.