According to Bitcoinist, the famous Bitcoin whale Joe007 warned that Bitcoin’s rise before halving may fail end. In its view, this upward trend occurred in the context of insufficient liquidity, and the lack of liquidity increased the possibility of a sharp market correction. Joe007 said he believes that Bitcoin’s rally will end. According to reports, the Bitfinex ranking shows that he is currently losing more than 20 million US dollars due to shorting Bitcoin (this month). Joe007 referred to this rise in Bitcoin as an “organized FOMO rise.” At this time, large players used the “halving” hype to manipulate small traders into the market.
Please follow and like us: