If you’ve looked into Bitcoin or cryptocurrency on Twitter over the past half-year, you likely know of “Joe007.” He is a pseudonymous BTC whale that, through Bitfinex’s leaderboard system, displayed he made millions of dollars trading a month.
After a two-month hiatus, Joe007 returned to Crypto Twitter last week. And he’s been quick to make striking and polarizing comments.
Expect an Altcoin “Extinction Event,” Bitcoin Whale Asserts
Altcoins have done extremely well over recent weeks and months.
The chart below from an industry data analyst depicts this trend well: since the start of the year, a majority of altcoins have actually outperformed Bitcoin.
Bitcoin vs. low cap, mid cap, and large cap altcoins chart shared by cryptocurrency trader Ceteris Paribus (@Ceterispar1bus on Twitter, TradingView.com).
Yet this trend won’t last for long, according to Joe007. He wrote on July 3rd that his view is that a “s**tcoin mass extinction event will likely precede next Bitcoin rally. Make of it what you will.”
The Bitcoin investor made this response to a question from one of his followers about BTC’s dominance metric.
Joe007 is far from the only investor expecting a majority of non-Bitcoin cryptocurrencies to fail.
The chief executive of Bitcoin infrastructure firm Blockstream, Adam Back, in June asserted that there is only one cryptocurrency: Bitcoin.
There’s also Jason Calacanis, a prominent entrepreneur and angel investor well known for investing in Uber, Robinhood, and Trello. He said on June 27th on the efficacy of altcoin projects:
“Historically, 99% of crypto projects are garbage run by unqualified idiots, delusional but below average founders or grifters… the 1% that are not, could change the world. I’m waiting for that 1% to deliver their product so I can talk to their customers. you got customers?”
As an aside, Calacanis is starting to become optimistic about Bitcoin after he claimed the asset could retrace to $500-0.
His Anti-Ethereum Skew
Joe007 has specifically targeted Ethereum over recent months.
Per previous reports from Bitcoinist, the Bitcoin whale branded decentralized finance a “Rube Goldberg machine where you never know which part fails or gets hacked next.” His comment came shortly after there was a series of hacks of DeFi protocols.
Yet this was far from the end of the investor’s tirade. DeFi is but another “marketing ploy” by Ethereum’s proponents, Joe007 added, calling blockchain-based finance applications useless:
“DeFi is nothing but just another marketing ploy by a shadow gang of snake oil salesmen behind Ethereum. It’s obvious they’re trying to create another ICO-like mania. With the same 0 real utility in the real world.”
The investor doubled down on his anti-Ethereum sentiment recently.
He wrote that “Ethereum narratives [are] shifting so fast,” referencing the newfound sentiment that “ETH is money.”
Featured Image from Shutterstock
Price tags: xbtusd, btcusd, btcusdt
Whale: Before the Next Bitcoin Bull Run, Expect an Altcoin "Extinction Event" origin »
Key Takeaways
How active are the whales in Bitcoin's market right now?
A Bitcoin whale with over $10 billion in holdings transferred $363.9 million BTC to Hyperunit.
Why does this whale action mattThe post $10B Bitcoin whale moves $360M in BTC, fuels ETH rotation trends - Details appeared first on AMBCrypto.
Key Takeaways
Why is Bitcoin gaining attention now?
A dormant whale moved 1,000 BTC, sharks accumulated 12k BTC, and Netflows showed sustained outflows.
What are the key price levels ahead?
UpsideThe post 12-year Bitcoin whale’s $116 mln move shakes the market - Crash risk? appeared first on AMBCrypto.
The Bitcoin OG whale, who recently made headlines for dumping billions in BTC for ETH, has added another $1 billion worth of the second-largest cryptocurrency to their stash. Over the past 24 hours, the Satoshi era Bitcoin whale scooped up…
A top Bitcoin whale sold $3.4 billion in BTC for Ethereum, pressuring prices near $107K and signaling a short-term shift in sentiment.
The post Major Bitcoin Whale Offloads $3.4 Billion | Weekly Whale Watch appeared first on BeInCrypto.
A giant Bitcoin whale with a decade-old stash has started moving its holdings, fueling speculation about a potential sell-off. According to blockchain tracker Lookonchain, the whale, which resurfaced earlier this month after 14 years of dormancy, has shifted nearly half…
Key Takeaways
Bitcoin faces selling pressure after making a new ATH with the Satoshi-era whale escalating the scale. However, the question now is whether BTC's pullback can take its price below the $The post Bitcoin under pressure as Satoshi-era whale sells: Will BTC drop to $108K? appeared first on AMBCrypto.
Bitcoin whales are buying aggressively while miner stress rises. This divergence could shape BTC’s price action heading into late June 2025.
The post Whale and Miner Data Reveal Bitcoin’s Next Move | Weekly Whale Watch appeared first on BeInCrypto.
Bitcoin whales are driving nearly half of exchange inflows, triggering market caution as historical patterns hint at a potential price correction.
The post Bitcoin Whale Activity Signals Warnings for the Market | Weekly Whale Watch appeared first on BeInCrypto.
A 2012-era Bitcoin whale resurfaces, moving $35.8 million in BTC.
Early adopters' movements highlight their enduring influence on market dynamics.
A Bitcoin [BTC] whale from Satoshi NakamotoThe post Old Bitcoin, new moves: All about Satoshi Nakamoto era whale’s $35.8M transfer appeared first on AMBCrypto.
On-chain data shows Bitcoin, XRP, and other top cryptocurrencies have been witnessing notably lesser activity from the whales recently as compared to earlier in the year. Bitcoin, XRP Among Assets Observing A Decline In Whale Transactions In a new post on X, the on-chain analytics firm Santiment has discussed about how the latest trend in the Whale Transaction Count has been looking like for the various top coins in the sector.
Whale activity around Bitcoin has remained high over the last seven days
Technical indicators hinted at a few low volatility days ahead
After a considerable hike in value on 19 April, BiThe post Bitcoin's post-halving price drop reveals THIS about whale behaviour appeared first on AMBCrypto.
On-chain data shows that one whale is rapidly accumulating Ethereum (ETH), selling large amounts of Wrapped Bitcoin (WBTC) via Aave, a popular non-custodial protocol. Whale Borrows WBTC From Aave, Buys ETH As of February 16, Lookonchain data showed that the whale borrowed 280 Wrapped Bitcoin (WBTC), equivalent to approximately $14.6 million, Aave, one of the leading […]
Two major Bitcoin (BTC) whales have moved over 5,500 coins as the asset falls below the $38,000 mark. According to data provided by Whale Alert, an unknown Bitcoin whale moved 3,000 coins from an old address to a new wallet…
Urban dictionary defines “whale” as “in sales terms, a whale is a prospect that is significantly larger than an organisation’s average customer”. In cryptocurrency, a “whale” has come to mean a large holder of a particular coin.
Bitcoin whale ahoy! Another whale is on the move after a decent nap. So what are they doing and what does this mean?
The post Bitcoin Whale Wakes up After a Five-Year Restful Sleep appeared first on BeInCrypto.
An unknown whale has surpassed MicroStrategy to become the third-largest BTC whale. The address bought every dip since Bitcoin’s all-time high in November. BTC whales are now more active than ever.
Whale alert reports that a so-called whale has transferred the equivalent of $2. 24 billion in bitcoin for less than $7. In a series of tweets on Friday, the crypto tracking tool said the bitcoin (BTC) whale sent a total of 241,500 BTC in seven successive transactions within one hour.
While one whale probably did not manipulate the 2017 Bitcoin price rally to its all-time high, it is reasonably accepted that whales do have the power to manipulate the nascent Bitcoin market. For this reason, Twitter account Whale Alert’s co-founder, Frank Weert, feels that Bitcoin could benefit from a whale extinction.
A cryptocurrency whale has moved a ball-twisting 94,504 BTC (worth over one billion dollars) — paying just $700 in Bitcoin network fees. 94,504 #BTC (1,018,147,922 USD) transferred from unknown wallet to unknown wallet Tx: https://t.
According to a mysterious cryptocurrency whale that owns more than 7,000 Bitcoin (BTC), the digital currency could surpass $50,000 in the future. He said that during a conversation with CCN a few hours ago.
A bitcoin whale has moved 40,000 BTC (USD $229,000,000) from one Bitcoin address to another on May 1st for a negligible network fee. A Bitcoin whale has moved over 40,000 BTC or over ($212m) moved from one address (bc1q9sh6544xls87x7skjzyfhkty4wq7z76vn7qzq9) to another (bc1q5shngj24323nsrmxv99st02na6srekfctt30ch).
Coinspeaker $212M in Bitcoin Moved for Just $4, Do We Still Need Banks?Recently, a crypto whale, Loaded, moved $212M worth of bitcoins within a short time freely. This is likely to challenge banks that set so many restrictions when moving large amounts.
Ripple has released one billion XRP worth about $309 million from its escrow account at the start of May 2019, according to Twitter user Whale Alert. In a recently released Q1 2019 performance, the company revealed total XRP sales of $169 million between January and March 2019.
An infamous Bitcoin ‘whale’ has moved an enormous cryptocurrency fortune in a single transaction, and the network charged less than $4 in fees. Bitcointalk's famous whale Loaded is moving its 40k BTC stash again.
Anonymous Bitcoin Whale Moves 40,000 BTC, Valued At $211 Million, As Bitcoin Continues To Recover As the Bitcoin market continues to recover and industry leaders are starting to share their positive predictions on what’s to come for the market, more news in favor of Bitcoin seems to be flourishing. Based on the claims made by […]
An anonymous bitcoin whale has moved 40,000 BTC amounting to $211 million from an unknown Bech32 address bc1q9sh6544xls87x7skjzyfhkty4wq7z76vn7qzq9 to another unknown destination wallet with Bech32 address bc1q5shngj24323nsrmxv99st02na6srekfctt30ch in the early hours of today.
Bitfinex users and investors seem to be worried about the current situation that the exchange is experiencing. The exchange has withdrawn around 17,000 Bitcoin (BTC) and some Ether (ETH) in the last 24 hours.
Bitcoin dropped by 3. 55% over 3 hours, an approximate drop of $200, causing many altcoins to dip by more than 8%. Although it might be a coincidence, thousands of Bitcoins started to migrate from wallets to exchanges, wallets to wallets, and exchanges to wallets.
Coinspeaker Rothschild-Linked Oil Tycoon Frank Timis Creates Ripples in Bitcoin Mining PoolArgo Mining has welcomed Frank Timis - a new whale coming from the oil and gold industries with formidable ties with the Rothschild Bank aiming to cause ripples in the nascent market.
The @Bitcoin Twitter handle was in the limelight after many in the cryptospace, including Peter McCormack, Whale Panda, and Jimmy Song, called out the account holder on social media for misrepresenting BTC.
In the last two weeks, cryptocurrency prices have seen significant volatility and during this time onlookers have noticed large bitcoin whale movements once again. Data stemming from blockchain analysis indicates that over the last 48 hours, unknown whale wallets moved over 20,000 BTC ($101 million), showing another large migration not seen since last February.
The price of bitcoin rallied by over 25 percent week-on-week thanks to a hefty price jump on April 2, 2019, which some believe was caused by algorithmic trading hedge funds while others think it was the work of a single buyer.
Bitcoin Sees Major Action As Whales Move $197 Million in BTC Bitcoin whales tend to have a major influence on the market. These are the investors that have sizable holdings of tokens, causing a substantial ripple effect whenever the tokens move.
Bitcoin price failed to recover above $107,000. BTC is trimming gains and might could continue to move down if it trades below $102,500. Bitcoin started a fresh decline after it failed to clear $107,000.
Square, the payment services arm of Block, has launched its Bitcoin payment feature for small businesses, allowing them to accept BTC payments and manage their digital assets alongside traditional finances through its point-of-sale platform.
Eric Trump, son of US President Donald Trump and executive vice president of the Trump Organization, has revealed new bullish predictions for Bitcoin (BTC).
Bitcoin price is attempting to recover above $103,500. BTC could continue to move up if it clears the $106,500 resistance zone. Bitcoin started a decent recovery wave above the $103,500 support. The price is trading above $104,500 and the 100 hourly Simple moving average.
Bitcoin price is struggling below $105,000. BTC could continue to move down if it stays below the $104,200 resistance. Bitcoin started a fresh decline below the $104,000 support. The price is trading below $104,000 and the 100 hourly Simple moving average.
