Quote from: ivomm on Today at 01:19:02 PM

Quote from: Spaceman_Spiff_Original on Today at 11:53:39 AM

Quote from: ivomm on Today at 05:21:05 AM

I've been following the actions of this whale for several years. He is a legend, making $100-200mil by leverage trading on BFX and other derivate exchanges. Since he is well known to the owners of exchanges, he can't openly manipulate the market. My observations show that he is working alone and he is a fair player. In that sense his shorts can't harm the price. Also, he was not always right. It's just that his successful trades are more important than the unsuccessful ones. For example, after 12 March 2020, when the price recovered to 6K, he was confident there will be a pull back to 3K. He failed miserably then, losing a big portion of his wealth. After that, he announced he is retiring. But clearly, he changed his mind recently, when he saw the 12+ consecutive red hours, repeating each Friday. He closed his shorts just before the price fell to 28K last week, fearing a strong rebound. He was right. Now he thinks the price will fall to 30K and is waiting with $800m+ shorts. I don't know what is the leverage, but by a pure speculation it is between 5x and 20x, probably 10x. I've noticed that he added his short positions after the price fell to 33K area yesterday, which clearly shows he is not involved in the regular dumps. Moreover, even if he dumps on BFX, it won't affect the price on the other exchanges. Nowadays Binance is forming the price and the huge volume there makes it harder for a single whale to manipulate the price. But there are other futures exchanges, so this is a valid possibility, of course. Especially, if we have a group of whales making coordinated dumps simultaneously on several exchanges.

How are you able to follow the actions of this person so closely, and determine his reasoning so clearly? Like for example you said he announced he was retiring? Is there a special feature on BFX for following certain whales? Or are you just guessing it from certain price actions?

There was an article about him in coindesk and cointelegraph shortly after 12 March 2020, when he lost his short position. His name is known, but I don't remember it. He is and OG shorter often sharing some TA and many follow his lead. After the 2020 fiasco he twitted it is time to retire from active trading. Clearly, the bitter taste of losing tens of millions, probably even over one hundred million made him to change his mind. Of course, he still has around or above $100mil.

Edit. I think, I found part of the info:
https://amazingcrypto.com/a-big-bitfinex-bitcoin-whale-is-anticipating-a-severe-correction-will-he-be-right/
https://pulse.bitfinex.com/post/2ccbfa7b-60f0-4637-b94d-2536d8f16fef

As it is seen, he wasn't correct about Bitcoin not going over 10K. Sounds just like proudhon Grin

I remember vaguely his tweets about his leverage short position at 6K going rekkt. He anticipated a double bottom at least. But not this time. The coming halving prevented this from happening. He was one of those claiming the halving was priced in. I really can't understand how such a moron made this profit. Recently BFX increased the leverage limit up to 10x. So this 800mil short position at 10x is backed up by only $80mil, which is 50-80% of the bitcoins this whale has. This is quite stupid IMO. A 10-20% increase will liquidate his position.

If I had the money I would love to liquidate him. The less whales the better for Bitcoin. Ok that would actually make me a whale lol.