I did not copy everything on purpose so that everyone will read the whole article in the full. It's well written and might have covered the events accurately.
Also, I checked some Ethereum forums and some people have said that ETH short selling is in an all time high in Bitfinex. Can anyone confirm if it is true?
An incredible trading volume of some 180,000 eth exchanged hands within that one hour on Bitfinex, up from around 20,000 an hour before hand.
Thats compared to somewhat usual trading volumes of around 20,000 eth on OKex and Gdax, suggesting clearly someone sold a lot of eth on Bitfinex.
On that same exchange, just before hand there were walls too, endless walls as far as traders are concerned, with a 20,000 bearwhale taken down then another one popping up until they may have lost patience and perhaps market sold.
Read in full https://www.trustnodes.com/2018/05/28/eos-crashing-ethereum-300000-eth-sold-just-binance-lists-eos-usdt
most likely an ICO project that could sell a lot of ETH is EOS, I'm glad if they make ETH sales at this low price because it becomes an opportunity for me to buy ETH at cheap prices, such cases are normal because many ICO projects are built on Ethereum platform and sooner or later they will surely sell the ETH for project development fundsAlso, I checked some Ethereum forums and some people have said that ETH short selling is in an all time high in Bitfinex. Can anyone confirm if it is true?
An incredible trading volume of some 180,000 eth exchanged hands within that one hour on Bitfinex, up from around 20,000 an hour before hand.
Thats compared to somewhat usual trading volumes of around 20,000 eth on OKex and Gdax, suggesting clearly someone sold a lot of eth on Bitfinex.
On that same exchange, just before hand there were walls too, endless walls as far as traders are concerned, with a 20,000 bearwhale taken down then another one popping up until they may have lost patience and perhaps market sold.
Read in full https://www.trustnodes.com/2018/05/28/eos-crashing-ethereum-300000-eth-sold-just-binance-lists-eos-usdt