RE: Bitfinex: 16% BTC and 46% ETH withdrawn and What the discrepancies in numbers might mean

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Bitfinex: 16% BTC and 46% ETH withdrawn and What the discrepancies in numbers might mean

in bitcoin •  8 years ago  (edited)

I don't know what it means, but an addition to "Possible reason 2". If everybody will withdrawn there BTC from Bitfinex, Bitfinex will be forced to sell ETH for BTC to have enougth and this will bring ETH price down. And I am long on ETH. So bad news..

And here is a BTC Autflow chart: https://blockchain.info/de/charts/balance?address=35emx395afKAKAr72VoePVbu3FJvxLPVny&timespan=30days

bitcoin
8 years ago by

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      ·  8 years ago (edited)

    I had wrote a line about this dragging ETH price down and triple punish ETH holders,1 haircut, 2 valuation, and now 3 devaluing ETH. But I felt I was biased as I was/am an ETH holder and if that was a conclusion I would let others make it for themselves.

    Also any price drop due to this is temporary.

    Thanks for the chart I will add it into post

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