BTC Shorts Increase 50% As $100m Tether Moves To Bitfinex

49 Comments

1. FREE DOWNLOAD: How I Made Over 40% Profit In 3 Days On A Single Crypto Trade: https://cryptoversity.krtra.com/t/ca7u8jxmC4oQ

2. Think there is any connection to Goldman Sach''s announcement 3 days later about not opening a trading desk immediately followed by a flash crash in btc? Now they're saying the storty isn't true. Masters of manipulation imo

3. I always liked you mate. You're straight up and do a great job.
   But now, I feel that there's no point in researching or studying any of this. It's like trying to study and verify information on a game at a rigged roulette table controlled by a corrupt casino in a foreign country with no accountability.

4. This happened simultaneously as Goldman Sachs went public on abandoning their plans for a crypto trading desk. Something tells me insiders shorted this, knowing alts and BTC would collapse. Then Tether entered the scene, seeking to prop up the price with a 100 MUSDT purchase. It seems they failed, unless the "propping up" has yet to begin.

5. aaaand the price went down and bitcoin diamond spiked up by 185%. HMMMMM

6. Just witnessed a nice big dump on BTC . Some one had that picked to a T . Well played Whale !!

7. Pretty mind blowing that someone would just do a single transaction of 100 million dollars all at once that any hacker can see. What if they made some kind of typo and sent it to oblivion? Whoever did this is clearly a rich amateur. Maybe someone who won the lottery and is gambling with it in cryptos.

8. AFAIK Bitfinex generate unique addresses for each of your coins and wallets (exchange/margin/funding), i.e 3 deposit addresses for each coin) . They also have hot and cold wallets so I can almost guarantee nobody's tether addresses will match Bitifex's address, even if it was paid to them.

9. If somebody deposits $100m of Tether on Bitfinex don't you think it's more likely that they're expecting the price of Bitcoin (or litecoin or whatever) to go up, and the purpose of the tether is to buy the asset?

   Also you said the shorts went on 5 hours before the big deposit, how can this be possible? Of course you don't have a bitfinex account so I guess we'll never know 🙁

10. Whatever CNBC Mad Money says, do the opposite. Then you win. It's proven. Look into it.

11. Shorts can also be a hedge. Someone with a big Bitcoin position may also apply some leveraged shorts as a hedge with a tight stop to lock in some profits.

12. thanks to hodlers the market does not Die. People who say holder suck, they suck themselves.

13. The whales will be dumping the price 1-2 weeks before 19. Sep. 2018 (the current largest BTC futures end date) just to close their shorts with more profit. I expect at least 10% fall between 5. Sep and 19. Sep., and then a 10% increase around 19. Sep when a lot of them will be closing their short positions, followed by a large drop to 5900-6100 resistance between 19.Sep and 30. Sep. after the SEC postpones the bitcoin ETF decision. The other strong sell signal is that the CNBC has had bullish news on crypto in the last few days, which is the 95% chance the market is going bearish, according to "I Love Crypto" youtuber. Good luck guys.

14. Short squeeze is on

15. Thank you very much Chris. I really enjoy your research!

16. Very intelligent video, and great sleuthing in preparation for it. We love you Chris, thank you.

17. You actually missed half of the current theory. The other half is on Reddit in r/bitcoin. A wallet dormant since 2014 with 1 billion in value just started moving. It may be connected to silk road. Monaro value has shot up in this same time period which is how you could wash dirty bitcoin. The question we all have been asking is this. Why now? Dormant since 2014. Completely ignored the 2017 run and you now start moving it? The other theory is mtgox which actually makes slightly more sense if they are planning on paying back people. This is the deepest rabbit hole that I have seen this year

18. Brilliant, my friend, nice videos.

19. Interesting!

20. Chris, you're quite the sleuth – thanks for sharing your insights.

21. Apologies, I could have made that shorter. I also agree with you on BTC market composition. i.e. how much "die-hard" BTC holders, as opposed to speculators , etc. I do not see anything in the market that will stop further BTC weakness. (i.e. no buyers). Also, as to the size of BTC volumes – we know that there is far less traders than daily volume in BTC suggests (i.e. enormous velocity of trade). This makes this short position even more significant. I believe BTC will fall – it is just a matter of how far.

22. Great breakdown, thanks. As to the 2 input factors a) huge inc in shorts, and b) tether movt to wallet. It may not matter if they are linked. One of the great things about crypto is that there are things we know for certain. i.e. we know for certain that the shorts were taken (paid for), and that this is an organised position with a single purpose. So it doesn't really matter if the account is linked or not. The timing is not essential because it could just be "replenishing", liquidity after the shorts. The shorts WERE taken – that IS the position. Who is likely to be able to fund such a position?? The best candidate is an exchange or tether, or an exchange funding a whale. Either way I see it the same as yourself. This play is a win/win. i.e. Spook the market into fall, play or ride the market into fall. (on fud like silkroad funds liquidated). If you were them – making this play, who are you scared of??? The entity that can go against you with enough funds to prop and inc the BTC market. Who is that? the miners? we have learn't that they are out of BTC. They are long on BCash. So the only people that will have the funds to fight this position is??? you guessed it – nobody. This is an example of – we can manipulate the market to advantage – so lets do it. Rem: this does not mean they don't have a long-term goal of holding more BTC. This is a short-term power play by a monster. IMHO.

23. Love the background, Love the jacket but I'm not conviced about the lighting. It seems that you are "overlighted" what makes you bright white with some pink accents.

24. The shorts also shrinked while price Falled to 6800 But then the squeeze Interrupted the critical bear tendency and bc reached New high.
    I guess that manipulators at the Start of 6k hold buyed bc and Step for Step changed the General market i to more Bulls.
    They obv did not knew that after their obv generated bullish divergency people did not changed opinion so fast.
    Now we have a bearish divergency and we can Only speculate what they want to Do.
    Like you said manipulators Maybe Just waited for react ion, some people longed after this Was public, other Youtubers short ed cause of missing Momentum bear the high.
    With doing so Atm they obv did not Do much.
    They wait for close spots Like they did since days in this market to Support the price at lows and generated the big pumps.
    So they win Money, the question is now, they are super smart and if they think anorher pump is Not Working because of to much ressistance they can also take Money with sells.
    I feel one of Main goals was to avoid the natural looking lower Low we expected.
    For what ever reason, Maybe mining Costs, Maybe they own Lots of bc and fear a super bearish tendency.
    I think they are in waiting Mode, hoping for New demand, Maybe even paid for the latest 150k Outlook in 10 year.
    Bc price Do not have a normal function of normal assets,when lower prices attract buyers, there is no Real value, so buyers Only Care if price get higher in future
    A price change from 20k to 6k with most bitcoins not even touched Shows all.
    This drop with one time would man, that Only 1 want to invest x Dollar But 3 people Holding bc want to sell at Any price.

25. time differences taken into account?

26. Thanks for the info Chris. I'm going to hodl my Bitcoin and not worry about this for now.

27. Good work , thank you

28. Great thanks!

29. EXCELLENT video Chris. And you HAVE helped me. 'Gambled' away 2/3rds of original investment as a newbie trader (1/2018), now sport some awesome scars, fingers Duct taped together in cash, slapped w/ a self imposed trading ristriction, dawned a disguise as a Bear, AND this costume is utterly suffocating!!!

    Not willing to attempt shorts until I master TA. A little too late, but I've come to realize you need a BOTH chop sticks (ie use of Shorts) if you're going to trade in a downward Bear market. I'm a LONG way off from feeling comfortable using Shorts.

    You've helped to digest the feelings of missing out. Soo… THANK U very much dear Sir!
    Cheers to you 🙂

30. Thanks for the news. I'm really glad you went back to this format for yours shows. Feels more person and human if that makes sense. Have a great day

31. Great reasoning Chris. The thing is really crazy how many whales there are.

32. How come no one is talking about the opportunities that BTC manipulation may be creating in the alt coin space? For example, Dash, Monero and EOS are up 40%, 30% and 25% in the last week. I believe that quality alts will hold artificial BTC suppression in check -Phil

33. Thanks Chris! Good info!

34. Good Find! Market manipulation in action. Play both sides of the trade, done like true banksters.

35. Great info and insights bro! Really appreciate your work and perspective!

36. So up or down

37. Eos tether both scams. And the exchanges that allow it are apart of it.

38. nice ta, and breakdown.
    i could be WAYYYYY off base on this one, but watching it fall a few hrs after you posting this my instinct tells me this is purely to influence or a quick smash and grab before the end of year rally, to HOLD THE REAL ASSET.
    i say this for 2 reasons, 1. we're still waiting on one ETF and 9 reviews, and dec, always gets a rally. Also the TA on the charts breaking 7500 support another bull test push after any pullback., ie. kick the pullback harder and buy buy for the bullrun, but this is to simply influence the market and in reality its hedged both ways roughtly…

39. thank you man… you make me smarter

40. Obviously some whale observed the short spike and decided to place some Tether on the exchange in preparation to buy the dip.

41. Good research, thank you.

42. ¡Aplausos! Very good analysis. Thanks.

43. the chartsguy channel noticed that there is huge monthly bull volume on korean exchanges nice work chris but i hope u had noticed thios korean volume spike

44. Great coverage as usual. As a automated crypto trader, I enjoy the volatility as long as the general trend is towards more adoption. You mention moving in the tether to back the short position collateral but I believe the collateral has to be there before you take out the position. So it would have to be there ahead of time.

45. I think if they close these shorts in a manner (fast) similar to their selling, it will help BTC going up!

46. Nice episode

47. Hold! Bitcoin's only purpose is to hold in your cold vaults. Remember it's only use is digital gold.

48. Excellent bit of journalism, Chris. Well done!

49. Hey Chris… Is the affiliate/referral link for your BTC course still available. I haven’t used mine for months.. (forgot how I even got it) but I just built a new site and would like to use it again.