- Bitcoin has been trying to keep together all its pieces and not fall below the $9000 mark.
- The most profitable trader @Joe007 on Bitfinex exchange has resurfaced on social media after being inactive for a month.
- The Bitcoin whale had bid adieu to the social networking platform, Twitter on May 7 just when the Bitcoin price hit the $10000 mark.
With recent stock market lows and in the ongoing situation, Bitcoin (BTC) has been trying to keep together all its pieces and not fall below the $9000 mark. On top, @Joe007, often considered as the most profitable trader on Bitfinex exchange has resurfaced on social media after being inactive for a month.
Bitcoin Whale Vanished When Bitcoin Hit $10000 Mark
The Bitcoin whale had bid adieu to the social networking platform, Twitter on May 7 just when the Bitcoin price hit the $10000 mark. Along with that, he had left a farewell note where he had said that Twitter for him was strictly an experiment because of which would no longer be active on Twitter and he also deleted his account. He further removed himself from the Bitfinex Leaderboard hiding all his trade details and the profit that he gained publicly. In the farewell letter, he said that although the journey was unexpectedly exciting it has come to a stop.
Protecting His Trade Ventures
He further clarified that from the very beginning his involvement with social media was time-limited and solely based on experimental purposes. He had many reasons but very little to speak about. However, the main reason for his inactivity is often considered for protecting and concealing his trade ventures. The Bitcoin whale believed that trading is extremely dangerous and similar to gambling and often your rivals look for an advantage. Hence, by exposing his trading ventures publicly can give them more advantage.
However, the good news is that @Joe007 is back on Twitter. In the most recent of his tweets, he had stated his return by saying to have some fun together. The link to the Twitter thread:
Ah, what the hell. Let's have some more fun.
— ʲᵒᵉ007 (@J0E007) June 28, 2020
Bitcoin Battling Hard To Keep Itself Above The $9000 Mark
Before leaving Twitter in May, he clarified that Bitcoin would not be able to break through the $10000 mark and that was gearing up to enter a bearish market. This confirmed his bearish outlook towards the BTC market. The spot market had contributed towards the BTC volume and helped to improve its price from $3,600 to $10000. Exchanges saw an influx of BTC volumes.
But that was during May. Right now Bitcoin has been battling hard from not falling down the $9,000 mark. People have often interpreted his departure with market scenarios. When he left Twitter, BTC was experiencing a bullish market and when he returned, BTC was facing a bearish market.