The malice at its roots ..
The BitcoinOG wallet is the biggest winner from the events of Friday, deliberately pressuring the price by sending 5252 bitcoins to the exchanges.
Among them, 245 bitcoins were sent to the Hyperliquid exchange where they opened a short position in the image.
Meanwhile, they sent a quantity of 5000 bitcoins to the Binance and Coinbase exchanges, and the goal is clear to everyone.
I previously talked about this behavior, which can only be done in Bitcoin by those in power, as they are the ones who hold large amounts of Bitcoin and cash.
They intentionally pressure the price in the spot market while their short position profits significantly.
And don’t think they are losing in the spot market, because they are buying and selling between their wallets to pressure the price without losing the amounts.
I would be surprised if they did the same method on the long, as the reason in these areas makes it safer for them to work on the short, which is easier and poses less risk since Bitcoin is at its peak.
They have an unrealized profit of now $6 million
Market of the strong only ..
Source Naif Chart