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Whale closed 300.000 Long positions on Bitfinex๐Ÿ˜ฑ

Let's find out WHY this is important and WHAT it could mean for the market ๐Ÿ‘‡

#Bitcoin #Ethereum #Crypto #Bitfinex #Futures
ETHUSDLONGS, a chart on tradingview which displays the total amount of open Long positions on Ethereum at Bitfinex. This metric has a major change in the recent data which is very important to be aware off.
The amount of ETHUSD Longs has been reduced with ยฑ 300.000 (!!). That is a massive change on it's own, but it becomes more important when we take a look at historical data.
Read 6 tweets
#Tether - Let's take a look at the team that created USDT and their strange connections - #illegal ones. ๐Ÿง

โžก๏ธ Origin, core-team and shady connections/frauds

This is a continuation of the last thread, which you can find below โฌ‡๏ธ

[2/x] CHAPTER ONE - #NYAG INVESTIGATION - In the Bitfinex and Tether fraud case

Tether claimed at the outset that it would cooperate with the NYAG, after which it obstructed the handing over of relevant documents and prolonged the process.
Read 29 tweets
Let's talk about #Tether - THREAD

Start with ew fun facts from their rules for using the #Tether services ๐Ÿคก

Thread ๐Ÿงตโฌ‡๏ธ

In Tether's terms of service we can find information that #Tether doesn't have to buy back $USDT tokens, should anyone wish to exchange them back into $USD, if it does not want to.
The terms state that Tether reserves the right to delay the redemption of tokens at a time if such a delay is necessary due to lack of #liquidity, unavailability, or loss of any reserves held by Tether to support USDT Tokens.
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#TetherIsInsolvent, part 2. this is a followup to analysis @patio11 (link) and i did independently showing #Tether must be insolvent based on Tether's stated financials due to the crypto selloff. But this time... it's about foreign exchange rates.โ€ฆ
On May 19th #Tether announced that it had reduced its commercial paper reserves by $4.3B between 2021-12-31 and 2022-03-31 and that they had reduced their paper another 20% ($4B) since that March 31 "attestation" was done. Here's their press release:โ€ฆ
@ZekeFaux did some (maybe pulitzer-worthy) reporting for Bloomberg in Oct '21 where he reported he could not find anyone at a major bank who had sold tether any paper, and further that he had seen documents stating that at least some % of tether's paper was from Chinese companies
Read 19 tweets
yesterday I threw out an off the cuff question to @bitfinexed
How much of the redeemed #tether was used to recover and maintain its peg?

The obvious answer is whatever they had to.

I've spent a big chunk of today crunching data to see what answers I could come up with.
Last night I scratched out my hypothesis - to maintain its peg...#tether would need to tap its own cash...can only do that via redemptions and the 'tell' will be burning the tokens like they never existed.
Basis for this thinking is pretty simple. That's what they do when they need cash and lots of it. Remember back in 2018 #novogratz was swooning over the orderly redemption of $700m by #tether.
Read 19 tweets
#bitcoin ์ด ๋ˆ ์„ธํƒ์— ์“ธ๋•Œ๋‚˜ ์ข‹๋‹ค๋Š” ์ฃผ์žฅ์€ ์™„๋ฒฝํ•œ ํ—ˆ๊ตฌ์ž…๋‹ˆ๋‹ค. ์ผ๋ถ€ ์ •์น˜์ธ๊ณผ ์–ธ๋ก ์€ ์ž…๋งŒ์—ด๋ฉด ์ด ์–˜๊ธฐ๋ฅผ ํ•˜๋Š”๋ฐ, ๋‘˜ ์ค‘ ํ•˜๋‚˜์ž…๋‹ˆ๋‹ค. ์•Œ๋ฉด์„œ๋„ ์ผ๋ถ€๋Ÿฌ ๊ฑฐ์ง“๋ง ํ•˜๋Š” ๊ฒƒ์ด๊ฑฐ๋‚˜ #bitcoin ์ž‘๋™๋ฐฉ๋ฒ•์„ ๋„์ €ํžˆ ์ดํ•ด๋ฅผ ๋ชปํ•˜๋Š” ๊ฒƒ์ด๊ฑฐ๋‚˜. ๐Ÿงตโ€ฆ
์ตœ๊ทผ ์œ ๋ช…ํ•œ #bitfinex ํ•ดํ‚น ์‚ฌ๊ฑด์—์„œ ๋„๋‚œ๋œ ๋น„ํŠธ์ฝ”์ธ์ด ์ผ๋ถ€ ํšŒ์ˆ˜๋œ๊ฒƒ์—์„œ ์•Œ ์ˆ˜ ์žˆ๋“ฏ, ์ „์„ธ๊ณ„๊ฐ€ ํˆฌ๋ช…ํ•˜๊ฒŒ ๋“ค์—ฌ๋‹ค๋ณผ ์ˆ˜ ์žˆ๋Š” ์›์žฅ์— ์‹œ์‹œ๊ฐ๊ฐ ๊ธฐ๋ก๋˜๋Š” ๋น„ํŠธ์ฝ”์ธ์„ โ€˜์„ธํƒโ€™ํ•˜๋Š” ๊ฒƒ์€ ๋งค์šฐ ์–ด๋ ต์Šต๋‹ˆ๋‹ค. /2
๋ฌผ๋ก  ๊ฑฐ๋ž˜ ๋‹น์‚ฌ์ž๊ฐ€ ๋ˆ„๊ตฌ์ธ์ง€ ์ด๋ฆ„ํ‘œ๊ฐ€ ๋ถ™์ง€ ์•Š๊ธฐ ๋•Œ๋ฌธ์— ๊ฒ€์€๋ˆ์„ ์œ„ํ•œ ์ข‹์€ ํ™˜๊ฒฝ์ธ๋“ฏ ๋ณด์ด์ง€๋งŒ, ๋ฌธ์ œ๋Š” ๋ˆ์ด ์›€์ง์ด๋Š” ์ •ํ™ฉ์„ ์‹ค์‹œ๊ฐ„์œผ๋กœ ๊ฐ์‹œ๋‹นํ•˜๋Š” ๊ฒƒ์ž…๋‹ˆ๋‹ค. ๋งŒ์•ฝ ๊ฑฐ๋ž˜์†Œ๊ฐ€ ํ•ด๋‹น ๋น„ํŠธ์ฝ”์ธ์„ ๋ธ”๋ž™๋ฆฌ์ŠคํŒ…ํ•ด์„œ ์ž…๊ธˆ์„ ๋ง‰์•„๋ฒ„๋ฆฌ๋ฉด ๋ฒ”์ฃ„์ž๋Š” ๋น„ํŠธ์ฝ”์ธ์„ ํ˜„๊ธˆ์œผ๋กœ ๋ฐ”๊ฟ” ์ธ์ถœํ•˜๋Š”๊ฒŒ ๋ถˆ๊ฐ€๋Šฅํ•ด์ง‘๋‹ˆ๋‹ค. /3
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1 #Tether today announced an agreement with #Switzerland Canton #Ticino City of #Lugano "to transform Lugano into the European #bitcoin capital". A press conference will be held March 3rd, 2022 to show "#Lugano's plan B". #Bitfinex and Tether CTO Paolo #Ardoino will attend.
2 Since May 5th, 2017, Giancarlo #Devasini, #Bitfinex and #Tether #CFO, established in #Lugano his Smart Property Solutions SA company, whose aim was to release #crypto, #stablecoin, store and manage money, precious metals, art pieces, certificates and value documents.
3 Smart Property Solutions SA was headquartered c/o another company, #DataNest SA. Back in 2005, was Data Nest moved c/o Camponovo Asset Management. In 2006 Oliver #Camponovo was chairman, manager, shareholder of Data Nest Sa. In 2008 Camponovo left his managing role in Data Nest
Read 12 tweets
Crypto in the court: In US v. Lichtenstein & Morgan, now in DDC Court DOJ puts in a chart of #Bitfinex hack laundering they allege - including through #Uber, #WalMart, Hotels [dot] com and #PlayStation. Inner City Press remains on the caseโ€ฆ
Among Ilya Lichtenstein's Passport_Ideas files, this: "real russian passport from Lugansk. Must pick up in person." Also, "eu doc fakes."
More from the DOJ filing in DDC: "Morgan posted photos to social media during her trip indicating
that she was staying at a Hilton hotel near the 11 Mirrors Design Hotel. Document titled โ€œukraine_package,โ€ explains โ€œhow to anonymously receive a parcel in Ukraineโ€
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OK- for allegedly trying to launder $3.6 billon in #cryptocurrency linked to the hack of #Bitfinex, now in @SDNYLIVE Magistrates Court set to be presented are Ilya โ€œDutchโ€ Lichtenstein & his wife, Heather Morgan. Inner City Press will live tweet, thread below
Programming note: after witnessing an unrelated Violation of Supervised Release proceeding (story coming), it was announced that the SDNY Mag Court will close "for an hour or so, the case you are waiting for is not ready." Thread will resume when it is.
OK - SDNY Mag Court has been reopened; the stage is set for the presentment of Ilya โ€œDutchโ€ Lichtenstein & his wife, Heather Morgan for allegedly trying to launder $3.6 billon in #cryptocurrency linked to the hack of #Bitfinex. Thread is resuming with a vengeance
Read 45 tweets
Look at that....Primo directorship of a UK company with GBP1Billion of capital (US$1.Billion give or take). Pretty cool hey.....and even better....he had the best investors.... Image
Himself. Why have outside investors when you can write the cheque yourself. pretty cool being able to write a single check for $1.4billion..... Image
but then again....things might not have gone to plan. Someone forgot to file accounts and got struck off...Geewizz how much bad luck can you have... Image
Read 13 tweets
1 - On the night of August 4th 2021 #Popsicle platform said it had been "hacked". On that occasion, on a secret Telegram chat, #TerraBitcoin, who hids a group of crypto investors, mostly Italians, managed by Paolo #Barrai, there was a dialogue among the investors
2 - who put their money in #Popsicle and other #Sestagalli's projects, the same Sestagalli, Paolo #Barrai and Giancarlo #Devasini of #Bitfinex. Then my sources in #TerraBitcoin screnshotted and gave me the chat of that dialogue (in Italian, sorry). Here's the pics of that story
3 Image
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1 - So, whoa! At the end of the day mr #Devasini and mr Daniele #Sestagalli, the Italian man behind Wonderland ($Time), Popsicle Finance ($ICE), and Abracadabra ($MIM) projects in #Switzerlandmistress are connected. During last drawdown Sestagalli cashed out 30 mln to #Bitfinex
2 - One of the #Wonderland #Sestagalli project managers is a well known name of #QuadrigaCX scandal, @0xSifu aka Michael #Patryn aka Omar #Dhanani, see

3 - there's plenty of "stolen money" in this story Image Image
Read 19 tweets
๐Ÿšจ๐Ÿšจ Quick Update: We are heading our predicted level of 41.5k. We have retraced at 41.8k and as we are almost oversold on hourly RSI I wouldn't expect much more dump now. Imo we will lift up to 42.4k first. But it seems #Binance is not done yet. ๐Ÿ˜œ However it

feels very controlled. They let it fall and exchanges like FTX, Bitfinex and Coinbase are buying the way down it seems. Their activity rises and the price lift up a bit next indicating a rising buy pressure.
Our hourly view shows that our whales ration reached the top twice and both are linked with big positive netflows. One transaction of almost 8,000 #BTC and 3 hours ago another one with almost 1,800 #BTC.
Read 8 tweets
๐Ÿšจ๐Ÿšจ Update:
Hourly View
Once again we received a bullish signal by our hourly whales ratio (1) indicating a pump preparation. Few hours later the price has started to lift up again. Immediately after the whales ratio dumps, they start to send

tokens to the exchanges to distribute the way up.

That confirms also our whales ratio 30D average indicator. After it dumped it rised afterwards. We can see the result very well. The price lifted up and it has started to retrace (3) afterwards.
The stablecoin supply (circulating stablecoin supply) (2) keeps rising indicating a bigger demand in stablecoins. Since EoY we have added a volume of $2.76 billion stablecoins to the market, while the stablecoin reserves on exchanges maintains a level of $21 billions. Since
Read 29 tweets
๐Ÿšจ๐Ÿšจ Update: Our hourly view is showing clearly what happend since yesterday. Our 30D average indicator (1) for whales ratio have started to rise close after our whales ratio (2) dumped hard again indicating that buy pressure should rise afterwards. They were

preparing the dump with a rising price action. Afterwards we have started to dump again. Tonight we also have detected big positive netflows indicating big inflows to exchanges related to whales. Since this morning the 30D average whales ratio is declining. That would indicate
imo that we will fall a bit more, but if the whales ratio 30D average keeps declining we should lift up again a bit. Usually that takes some hours.

Our block view (very short-term) shows what happend before we have started to leave our 42.8k level. Whales ratio 30D (3) average
Read 22 tweets
๐Ÿšจ๐Ÿšจ Update: Our hourly whales ratio (1) maintains high, but lower than the days/weeks before. Also confirmed by our whales ratio 30D average. As you see, we had some hard dumps in whales ratio. That's usually a bullish signal. Happenend yesterday.

Since then I'm waiting for a pump or at least a lift up (2). Our netflow is indicating more outflows (bullish) than inflows (bearish), but since this morning more whales tokens arriving the exchanges. Anyway, the bullish signal is not strong yet, but the bearish signal not strong
enough either.

Our block view is showing also a dump (1) in whales ratio as announced yesterday. Also here our whales ratio 30D average (3) has declined. While our total netflow is showing big positive (2) moves since this morning, indicating bigger whales inflows to exchanges.
Read 13 tweets
๐Ÿšจ๐Ÿšจ Quick Update: Tonight literally nothing happend. Our whales ratio has rised again, even not that much, showing by our 30D average, but we had a bigger positive netflow of almost 1,600 #BTC indicating bigger whales inflows. It doesn't look bullish at all now.

DXY is pumping like hell right now while SPX was rejected at the resistance. That could cause some sell pressure too. It looks like they are prepared for todays CPI. It hast to be bad data to let the market dump hard imo, as it should price in already. But the chart looks awful.
Please use SL and max your risk management. I will stay away. Since yesterday no spoofing activity detected on #Bitfinex. Like the market would be in idle. ๐Ÿ˜ฌ Be careful!
Read 6 tweets
๐Ÿšจ๐Ÿšจ Update: Little market update. #BTC doing good right now. Holding the line. Whales ratio (WR) pumped after our WR dumped. While no big positibe netflows detected, but negative indicating bigger outflows from exchanges. WR 30D average also lifting up.

Future traders shorting again expecting another dump with rising leverage. Taking a look to the chart I see our SOS (sign of strength) and BU (back-up). Both lines works as support. If we lose these both, we could fall heading 42k. So, everything below 42.4k is critical.
The sell pressure is declining. That's a good and a bullish sign. What you see right now is the market without #Bitfinex spoofing activity. That's not bullish at all๐Ÿ˜œ๐Ÿ˜‚
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Are you ready? ๐Ÿ‘จโ€โœˆ๏ธ
Now I'm scared too. ๐Ÿ˜‚ Since weeks I didn't see such a drop in whales ratio. While whales inflows are arriving on exchanges. That's definitely a pump preparation. But imo looks too big for me. We have a max pain of 44k for friday. Be careful. In case we pump hard above 44k we/1
should retrace back to 44k or at least maintain a price level close to 44k. So be careful with rising volatility!
Read 4 tweets
๐Ÿšจ๐Ÿšจ Update: Our whales ratio maintains high, but decreasing as we can see at the 30D average. However, we have detected big inflows related to whales yesterday after the dump phase. That could be a sign of dump preparation. Stablecoin reserves on exchanges keeps

falling while stablecoin supply (circulating supply) keeps lifting up. I've detect some #tether outflows from #Binance again. A total of almost $600m withdrawn from #Binance since monday morning.

Our block view is showing a bigger inflows by whales and outflows afterwards.
Anyway also here the whales ratio 30D average is declining. Indicating less whales inflows.

Checking our netflow chart we see, in general netflows are lifting up indicating more inflows happening. #Okex, #Gemini and #Bitfinex are those showing bigger netflows (more inflows than
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๐Ÿšจ๐ŸšจLittle Status: NDX dumping, SPX reaching its support at 4600. We will retrace but we are not done yet. Not yet imo.

High leverage longs rising, big buy pressure detect since our candle an hour ago. ALso Bitfinex future traders longing a lot, much more compared to shorts. Expecting to rekt the high leverage shorts first and flip later on.
More outflows than inflows detected. Whales ratio cooling down a bit, so the sell pressure will. Checking DXY it's goin to flip and dump I guess, so more up now than down. Be careful if you are trading high leverage!

Next big wall on #Bitfinex at 38.5k. Wall at 40k absorbed.
Read 5 tweets
๐Ÿšจ๐Ÿšจ Update: Today just a little market update due my update yesterday was very detailed and not big changes detected yet. However, I will tweet as soon I detect some interesting moves.

Our hourly view shows clear sign of pump preparation. Our whales ratio dumped

#BTC #ETH #XRP Image
hard before we init the pump sending us back to 42k where we retested EMA50 and have failed several times. Yesterday we had more outflows than inflows confimed by our netflow chart. While we were close to pump they have started to send more tokens to exchanges. While the whales
ratio pumped again indicating that those tokens were from whales. The whales ratio 30d average is lifting up again. Indicating more whales tokens are arriving on exchanges, even if the volume is not that big anymore. Stablecoin supply keeps rising, stablecoin reserve on exchanges
Read 16 tweets
๐Ÿšจ๐Ÿšจ Market Update: This time I will go a bit deeper in my analysis showing different time frames.

Our block (minutes) time is showing a high whales ratio (1) indicating the incoming inflows are mostly from whales and not from retailers.

Few hours ago we have detect a big netflow (2) indicating a big inflow to exchanges. Keep in mind, netflow means more inflows than outflows. Our 30d average (3) whales ratio here also showing a positive trend indicating more sell pressure will come from whales soon.
Our hourly view also shows the whales ratio (1) keeps high in a range between 0.75 - 1.00 also here indicating the incoming inflows are mostly coming from whales. Since last night we had more outflows than inflows, but didn't pump, even if it was a good opportunity due a low
Read 23 tweets
๐Ÿšจ๐Ÿšจ Update: Our hourly whales ratio chart (1) is showing the first time since 12-30-2021 a little dump indicating less incoming whales tokens. Interesting because at the same time we are detecting more incoming tokens as the total netflow (2) is showing bigger

inflows. When we've a low whales ratio but a green netflow that means retailers are capitulating and selling their #BTC in fear. However, we are not done yet.

Since 01-01-2020 the 30d average whales ratio is falling indicating less whales related inflows. At least not constant
inflows from whales detected. Stablecoin reserves on exchanges has stabilized since 01-04-2022 while the stablecoin supply keeps rising indicating a rising demand. The data keeps looking bearish, but better than in december atm.

In the top chart we can see the total netflow 30d
Read 20 tweets

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