Reports Clash Over Bitcoin’s Price During Whale Exit
Coinfomania and Bitcoin.com News give conflicting figures for Bitcoin’s price at the moment a whale closed its long position.
Coinfomania and Bitcoin.com News give conflicting figures for Bitcoin’s price at the moment a whale closed its long position.
What all sources agree on
- Two wallets, possibly linked to a single trader, closed Bitcoin long positions.
- The positions had been held for nearly two months.
- The exit secured a combined profit of $11.6 million.
- The information originated from on-chain commentator Lookonchain.
Where the reports disagree
1Bitcoin’s price at the time of the whale’s exit
Although Bitcoin’s current price remains at $0, the implications of this exit could influence trader behavior in the coming days.
Two bitcoin wallets, possibly controlled by the same trader, closed a long position held for nearly two months earlier today, resulting in a $11.6 million profit as bitcoin traded near $81,000.
What would settle it: Exchange price feed or on-chain transaction data timestamped to the wallets’ closing trades.
What to make of it
Treat the $11.6M profit, the two-wallet closure, and the nearly two-month holding period as established, since all three outlets agree; do not rely on either outlet’s stated Bitcoin price until it is checked against exchange or on-chain data from the time of the trade.
Treat the $11.6M profit, the two-wallet closure, and the nearly two-month holding period as established, since all three outlets agree; do not rely on either outlet’s stated Bitcoin price until it is checked against exchange or on-chain data from the time of the trade.
Original source: AltcoinGordon
Syndicated coverage. Originally reported by altcoingordon.com.
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