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    Blocktoq»Crypto News»One of the biggest BTC whales warns about the coming halving
    Crypto News

    One of the biggest BTC whales warns about the coming halving

    KonradBy Konrad28 April 2020Updated:12 March 2021No Comments2 Mins Read
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    Один из крупнейших китов BTC предупреждает о предстоящем халвинге|Цена биткоина после халвинга в 2012 и 2016|Джо007 bitfinex потерял 11 миллионов долларов
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    One of the biggest BTC whales warns about the coming halving

    What does @J0E007 think about the upcoming BTC award distribution and how it will affect the Bitcoin course?

    In short:

    • Bitcoin’s halving
    • Whale’s opinion
    • The popularity of Bitcoin is constantly growing

    Bitcoin’s halving

    The third halving (halving), will take place in 14 days, which according to many crypto investors and analysts, may bring the BTC price to record levels. Is there an upward trend awaiting us after halving like it was in the previous years? Nobody knows it, but the vast majority of investors have high hopes for this event and are counting on a Bitcoin rebound from 7,750 dollars to a new high. Every day the amount of BTCs increases by 75,000 units due to the upcoming prize halving, and traders from all over the world are gathering more and more BTCs every day to sell them after the expected price drop of this crypto.

    Bitcoin price after halving in 2012 and 2016

    BTC’s price 2012-2020 and increases after each halving (in 2012 and 2016). Source:  TradingView

    Analyzing the Bitcoin price from the very beginning, it is easy to see that halving has a huge impact on BTC price. The last two halvings were the reason for the long-term increase in the Bitcoin exchange rate and the beginning of the bull market. The upward trend itself began long before halving, and so does this time. 

    Whale’s opinion

    To everyone’s surprise, @Joe007, one of BTC’s biggest players (whales), who recently earned 20 million dollars on Bitfinex, suggests that halving is already at the price of Bitcoin, so there is no reason to expect further increases. It is estimated that Joe007 currently holds a large short position on BTC. As shown in the table last month, the investor’s portfolio lost over USD 11 million. The whale holds his coins and expects the Bitcoin price to fall to earn in a short position. It is important to consider that Joe is counting on Bitcoin price drops, so we should look at his opinions with a wink.

    Joe007 bitfinex lost 11 millions dollars

    The popularity of Bitcoin is constantly growing

    BTC’s popularity is constantly rising and people are starting to invest in leading crypto with expectations of growth or as a hedge against a fall in the dollar. Favourable words about Bitcoin from people like Tim Draper, who recently spoke about BTC’s price and believes it can reach up to a quarter of a million dollars in a long-term time frame, only fuel the whole event 

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