Recent pump is suspected of being fueled by dummy money:
https://medium.com/@bitfinexed/are-fraudulent-tethers-being-used-for-margin-lending-on-bitfinex-5de9dd80f330
So this dude essentially spends his entire time fudding bitfinex specifically as if every other exchange doesn't do this anyways? Fuck off bitfinexed
Maybe he just lost a lot of money there & he's salty about that. BTW, 'suspected dumb money'?, kek, of course it is dumb money.
>>3094485
1. all buys on polo and gdax are from bots doing arbitrage.
2. you only need one exchange to go up for the rest to follow because of bots.
someone is pumping bitfinex with wash trades using tether causing other exchanges to pump so they can dump into bots doing arbitrage on other exchanges. we even know the exact amount: $80M tether, purchased in the last few days.
also:
>head and shoulders after legendary bull run
>everyone and their sister shorts
>suddenly record numbers of people getting liquidated
there's clearly something strange going on
>>3095559
I think that the Gemini downtime today was related, they probably figured out what was going on and had to make sure their exchange wasn't vulnerable to massive arbitrage