{"id":407811,"date":"2019-12-18T16:00:11","date_gmt":"2019-12-18T16:00:11","guid":{"rendered":"https:\/\/wncen.com\/?p=407811"},"modified":"2019-12-18T15:40:19","modified_gmt":"2019-12-18T15:40:19","slug":"bitfinex-bitcoin-whale-currently-underwater-by-nearly-25-million","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitfinex-bitcoin-whale-currently-underwater-by-nearly-25-million\/","title":{"rendered":"Bitfinex Bitcoin Whale Currently Underwater By Nearly $25 Million"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">Over the last couple of weeks, the talk across the cryptocurrency market has been focused on a lone <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> whale on the crypto trading platform Bitfinex, who has been amassing a substantial long position in the crypto asset.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Given the recent decline in Bitcoin price, that trader\u2019s cumulative long position is now underwater by roughly $25 million. However, when looking at the trader\u2019s realized gains, it all could be part of his master plan.<\/span><\/p>\n<h2>Bitfinex Bitcoin Whale Underwater By $25 Million<\/h2>\n<p class=\"p1\"><span class=\"s1\">The market is as bearish as it gets on <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> and cryptocurrencies like Ethereum, Ripple, and Litecoin. While the aforementioned altcoins fall into the negative for the year with the most recent drop across the market, Bitcoin flirts with the lowest levels of the $6,000 trading range.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2019\/12\/11\/bitcoin-longs-near-all-time-high-td9-reaches-sell-signal\/\">Bitcoin Longs Near All-Time High, TD9 Reaches Sell Signal\u00a0<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">Many traders, investors, and analysts alike are fearing the worst for Bitcoin, expecting it to either fall much deeper to find support, or possibly even set a new lower, bear market low.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">However, there are a select few who remain steadfast in their bullishness and unfazed by the recent downtrend. One such trader has been dubbed a \u201cwhale\u201d by the crypto community, thanks to a <a href=\"https:\/\/wncen.com\/2019\/12\/11\/bitcoin-longs-near-all-time-high-td9-reaches-sell-signal\/\">massive long position being built by the trader<\/a> on popular cryptocurrency exchange Bitfinex.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BTW if you&#39;re wondering how our Finex overlord is doing, you can follow his PnL here. (Another 4000 BTC longs added today)<a href=\"https:\/\/t.co\/Z4tTKdMPku\" rel=\"nofollow\">https:\/\/t.co\/Z4tTKdMPku<\/a> <a href=\"https:\/\/t.co\/Kdp9Kpu4xo\" rel=\"nofollow\">pic.twitter.com\/Kdp9Kpu4xo<\/a><\/p>\n<p>&mdash; RJ (@RJ_Killmex) <a href=\"https:\/\/twitter.com\/RJ_Killmex\/status\/31148800?ref_src=twsrc%5Etfw\" rel=\"nofollow\">December 17, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\">The lone Bitfinex Bitcoin whale as been <a href=\"https:\/\/wncen.com\/2019\/12\/11\/bitcoin-longs-near-all-time-high-td9-reaches-sell-signal\/\">slowly amassing a long position<\/a> in the leading cryptocurrency by market cap, driving long positions to the <a href=\"https:\/\/wncen.com\/2019\/12\/11\/bitcoin-longs-near-all-time-high-td9-reaches-sell-signal\/\">highest the metric has ever been on the platform<\/a>.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><a href=\"https:\/\/leaderboard.bitfinex.com\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Bitfinex features a leaderboard<\/a> highlighting the success of traders utilizing the platform, and shows the current unrealized profit and loss associated with the positions of said traders. Included in the leaderboard, is the lone Bitfinex whale, who according to the statistics, is underwater by nearly $25 million.<\/span><\/p>\n<h2>Crypto Trader&#8217;s Track Record Suggests There&#8217;s a Strategy At Play<\/h2>\n<p class=\"p1\"><span class=\"s1\">It\u2019s important to note that the losses are currently unrealized, and the trader could have more than enough capital to protect his account from liquidation regardless of how low <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a>\u2019s price falls.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">To be fair those are unrealized losses. Have you seen his realized profit? <a href=\"https:\/\/t.co\/9rLSw6mtaw\" rel=\"nofollow\">pic.twitter.com\/9rLSw6mtaw<\/a><\/p>\n<p>&mdash; lfconstruct (@hodlfodlsodl) <a href=\"https:\/\/twitter.com\/hodlfodlsodl\/status\/37315328?ref_src=twsrc%5Etfw\" rel=\"nofollow\">December 17, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\">It also could all be part of the trader\u2019s strategy, continuing to load up on the first ever cryptocurrency as the price falls lower and lower, in anticipation of a pre-halving rally. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">In fact, when looking at the trader\u2019s realized profit and loss, the Bitfinex whale has over $14 million in profits booked, suggesting that although his tactics may be confusing and even risky, they clearly know what they are doing.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2019\/12\/16\/traders-prepare-for-a-big-bitcoin-drop-as-shorts-stack-50\/\">Traders Prepare For a Big Bitcoin Drop as Shorts Stack 50%<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\"><a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> has been locked in a downtrend for months, and many speculate that the bottom of the trend is near. If that\u2019s the case, and this trader has loaded up a hefty long in anticipation of the next bull run, that $25 million underwater could turn into a fortune in no time.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the last couple of weeks, the talk across the cryptocurrency market has been focused on a lone Bitcoin whale on the crypto trading platform Bitfinex, who has been amassing a substantial long position in the crypto asset. Given the recent decline in Bitcoin price, that trader\u2019s cumulative long position is now underwater by roughly $25 million. However, when looking at the trader\u2019s realized gains, it all could be part of his master plan. Bitfinex Bitcoin Whale Underwater By $25 Million The market is as bearish as it gets on Bitcoin and cryptocurrencies like Ethereum, Ripple, and Litecoin. While the aforementioned altcoins fall into the negative for the year with the most recent drop across the market, Bitcoin flirts with the lowest levels of the $6,000 trading range. Related Reading | Bitcoin Longs Near All-Time High, TD9 Reaches Sell Signal\u00a0 Many traders, investors, and analysts alike are fearing the worst for Bitcoin, expecting it to either fall much deeper to find support, or possibly even set a new lower, bear market low. However, there are a select few who remain steadfast in their bullishness and unfazed by the recent downtrend. One such trader has been dubbed a \u201cwhale\u201d by the crypto community, thanks to a massive long position being built by the trader on popular cryptocurrency exchange Bitfinex. BTW if you&#39;re wondering how our Finex overlord is doing, you can follow his PnL here. (Another 4000 BTC longs added today)https:\/\/t.co\/Z4tTKdMPku pic.twitter.com\/Kdp9Kpu4xo &mdash; RJ (@RJ_Killmex) December 17, 2019 The lone Bitfinex Bitcoin whale as been slowly amassing a long position in the leading cryptocurrency by market cap, driving long positions to the highest the metric has ever been on the platform. Bitfinex features a leaderboard highlighting the success of traders utilizing the platform, and shows the current unrealized profit and loss associated with the positions of said traders. Included in the leaderboard, is the lone Bitfinex whale, who according to the statistics, is underwater by nearly $25 million. Crypto Trader&#8217;s Track Record Suggests There&#8217;s a Strategy At Play It\u2019s important to note that the losses are currently unrealized, and the trader could have more than enough capital to protect his account from liquidation regardless of how low Bitcoin\u2019s price falls. To be fair those are unrealized losses. Have you seen his realized profit? pic.twitter.com\/9rLSw6mtaw &mdash; lfconstruct (@hodlfodlsodl) December 17, 2019 It also could all be part of the trader\u2019s strategy, continuing to load up on the first ever cryptocurrency as the price falls lower and lower, in anticipation of a pre-halving rally. In fact, when looking at the trader\u2019s realized profit and loss, the Bitfinex whale has over $14 million in profits booked, suggesting that although his tactics may be confusing and even risky, they clearly know what they are doing. Related Reading | Traders Prepare For a Big Bitcoin Drop as Shorts Stack 50% Bitcoin has been locked in a downtrend for months, and many speculate that the bottom of the trend is near. If that\u2019s the case, and this trader has loaded up a hefty long in anticipation of the next bull run, that $25 million underwater could turn into a fortune in no time.<\/p>\n","protected":false},"author":517,"featured_media":407823,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[428,925,6664,64059,14896],"class_list":["post-407811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-bitfinex","tag-crypto","tag-longs","tag-whale"],"acf":[],"yoast_head":"\n<title>Bitfinex Bitcoin Whale Currently Underwater By Nearly $25 Million<\/title>\n<meta name=\"description\" content=\"Over the last couple of weeks, the talk across the cryptocurrency market has been focused on a lone Bitcoin whale on the crypto trading platform Bitfinex,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/bitfinex-bitcoin-whale-currently-underwater-by-nearly-25-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitfinex Bitcoin Whale Currently Underwater By Nearly $25 Million\" \/>\n<meta property=\"og:description\" content=\"Over the last couple of weeks, the talk across the cryptocurrency market has been focused on a lone Bitcoin whale on the crypto trading platform Bitfinex,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitfinex-bitcoin-whale-currently-underwater-by-nearly-25-million\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-18T16:00:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-12-18T15:40:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/bitfinex-bitcoin-whale-crypto-shutterstock_706253788.jpg?fit=1000%2C590\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"590\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;El Toro&quot; 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As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.\",\"sameAs\":[\"https:\/\/coinchartist.io\/\",\"https:\/\/www.instagram.com\/coinchartist_io\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC\",\"https:\/\/www.youtube.com\/@coinchartist_io\"],\"url\":\"https:\/\/wncen.com\/author\/tonymspilotro\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitfinex Bitcoin Whale Currently Underwater By Nearly $25 Million","description":"Over the last couple of weeks, the talk across the cryptocurrency market has been focused on a lone Bitcoin whale on the crypto trading platform 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