Crypto News Flash #229: 18000 Bitcoin Have Shifted To Bitmex-Linked Wallet | A Big Move Coming?
Well, crypto market is full of manipulation and its very hard to predict the future price action in crypto space. We can see price manipulation by whales time to time. In past, we have seen on various stances that Mt. Gox trustees sold huge holdings of BTC in open-market triggering a sell-off in the market.
This time, Bitmex is in play regarding some possible price manipulation. Recently, one of the Bitmex-linked wallet received 18000 Bitcoins which are currently worth roughly $114 Million.
Bitmex is a crypto futures exchange and currently deriving huge volume into the market. People are trading on high leverages over there which directly affects the price of those particular cryptocurrencies. Currently, Bitmex is supporting the futures of Bitcoin, Ethereum, EOS, Tron, Cardano, Litecoin and Ripple.
Now, some Twitter personalities are believing that some big move is coming into space which might be initiated by Bitmex as large no. of Bitcoin have recently been transferred into one of its wallet, raising questions on its role in manipulation of Bitcoin's price.
Although, on the contrary, these Bitcoin can also be stored for the safeguard purpose and doesn't have to do anything related to trading but this raised the eyebrows of many crypto community gurus.
Well, nothing has happened yet so there's no point of raising suspicion on Bitmex. But I would suggest to keep caution while making any trade in crypto market these days as no. of news related to price manipulations have increased severely in last few weeks.
Thanks for reading ..!
I believe they are up to some shady shit.