$ZEC , is it going to drop?
Two profitable whales are simultaneously laying bids for ZEC and PUMP, with buy orders near the lows totaling over $53 million!
Oh. They’re limit orders.
$ZEC has bids at 959u and 910u. For them to get ZEC, it would have to drop nearly 30%—that’s not bullish.
$PUMP has bids at 0.00423u and 0.00403u. It would still need to drop 27%!
My suggestion is that it just goes straight up and doesn’t let them get filled.
Honestly, I think this kind of news is completely pointless for the market. A limit order can be canceled at any time. I know placing these orders means nothing—he could put in a bid for a trillion down there and it still wouldn’t mean anything. What’s the point besides attracting people to short? Might as well do the opposite: once it looks like it’s stabilizing, go long.
They also placed bids for $NEAR and $ZRO
#巨鲸挂单没鸟用
Two profitable whales are simultaneously laying bids for ZEC and PUMP, with buy orders near the lows totaling over $53 million!
Oh. They’re limit orders.
$ZEC has bids at 959u and 910u. For them to get ZEC, it would have to drop nearly 30%—that’s not bullish.
$PUMP has bids at 0.00423u and 0.00403u. It would still need to drop 27%!
My suggestion is that it just goes straight up and doesn’t let them get filled.
Honestly, I think this kind of news is completely pointless for the market. A limit order can be canceled at any time. I know placing these orders means nothing—he could put in a bid for a trillion down there and it still wouldn’t mean anything. What’s the point besides attracting people to short? Might as well do the opposite: once it looks like it’s stabilizing, go long.
They also placed bids for $NEAR and $ZRO
#巨鲸挂单没鸟用