“In crazy times, crazy things happen.” – This wisdom is also true for the last week in the crypto market. Whether it’s Bitcoin, Ethereum, Ripple, Chainlink or Tezos – all crypto-currencies have seen in the last days of massive losses. In this article we want to focus on the Ethereum course. In doing so, we look not to the past two days, but at the end of last week. More specifically, on the Sunday, the 08. March 2020.Even if to fight at this time, the majority of the crypto-currencies with losses to be had, a crashing of the Ethereum course in a matter of hours by 25 percent. An analysis of Crypto-research company Santiment now shows that Whales manipulated, obviously, the ETH price.
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Ethereum rate with a 25 percent correction
The sign of a massive correction in all crypto-currencies, there was for quite some time. While Andreas Antonopoulus has already 2 months ago to a Crash in the light of a global panic in the financial markets, fought the first crypto-currencies for the end of the last week, with strong price declines. An example of this is the Ethereum course was:Within 48 hours of the ETH price fell from the beginning of 249 dollars on the finale of 192 dollars. A decline in a correction of around 25 percent. It wasn’t just a loser.Were able to benefit especially those who had bet on derivatives platforms, such as BitMex on falling prices. In other words: who shortete the Ethereum course with a powerful lever, able to enjoy massive profits. Following the data of BitMex alone were on 8. March ETH Long Contracts in the amount of $ 185 million liquidated.You want to shorten Ethereum and on falling share prices? – Not A Problem.Join the millions of people who have already discovered how it smarter to invest by copying the best investors in our Community, or be copied and as a result, a second income can be achieved. Start now!
Ethereum Whales and the Manipulation of the ETH price
The following data comes from the analysis team of the company Santiment. This examined the largest Ethereum addresses on suspicious activities and transactions in the period from 03.03 until 10.03. They noticed that shortly before the Ethereum currency collapse just from these addresses, large quantities of fins on ETH Exchanges. It was said in a Tweet from 10.03:
We have thrown a glance on the behavior of the Ethereum and chain links Whales and observed how they operate currently. In the case of ETH, we were able to determine that Whales large amounts of ETH on Exchanges transfer which led immediately to an Ethereum-rate burglary.
At this point, you have to (again and again) the Power of leverage trading (engl. leverage trading) aware of. To act by the possibility of leverage up to 125x, can be moved in spite of the relatively low use of capital extremely high volumes.
Whale secures $ 2.6 million Profit by Short Position
In a coordinated action with several Sell Orders with a volume of several million dollars and a high leverage may be sufficient to force the Ethereum course of a massive correction. How lucrative this can be for the Shorter, shows Santiment as well.
exchanges leading up to and immediately after the market drop. We have actually tracked one $ETH address-to-net to approximate $2,580,000 in profit (59.72% ROI)!As for #Chainlink, top holders of the highly trending project are standing put and not selling. The collective balance pic.twitter.com/Sq6wILS2vP— Santiment (@santimentfeed) March 10, 2020
An Ethereum address could be realized within a short time a Profit in the amount of almost $ 2.6 million. Here again we see how to manipulate ETH and co. are actually, and what is the impact of Whales is.Anyone who plans quite some time, however, an investment in ETH, can look forward to such manipulations, inasmuch as to him a favorable opportunity for the entrance is offered. In view of the current Situation on the market, this applies not only for the Ethereum course, but for all the major crypto currencies.62 % of private CFD accounts lose money. No EU investor protection.What do you think about the current state of the Ethereum rate and the Manipulation of the Whales?Come on in to our Telegram Chat and talk with the experts and the Community!
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