This morning we had a massive pump to reach $6800 level (or even $7140 in Bitmex). Is it bullish? I do not think so.
Bitfinex whales to buy a lot of BTC recently
Recently I have read a post of botje11, he mentioned there was a whale buying over 10.000 BTC at the $6300 range.
More USDT to Bitfinex
In the post of CCN about Tether, over $415m were printed out only in August, which signaled some movement was expected.
Just some days ago, a friend of mine let me know that Tether had printed out another $100m
Bitmex going to maintenance mode
As a notification some days ago, Bitmex will undergo maintenance this morning, which will resume trading after 1 hour.
Let's combine everything:
- Whale(s) buying BTC at $6300 range
- More USDT printed out
- Bitmex went to maintenance mode
This morning, over $5 billion worth of future contract had liquidated on Bitmex.
Does it ring any bell to you?