Bitcoin Whale Says He’s Done Dumping BTC As Cryptocurrency Market Turns Green

A high-profile Bitcoin whale says he’s stopped dumping BTC.

The whale, who goes by the name Joe007, earned $20 million in realized profit from December of 2019 through January of 2020 on the crypto exchange Bitfinex.

About two weeks ago, Joe warned that the market was dominated by “phantom” money, citing an overflow of trading tactics, like spoofing, with too little fiat entering the market.

Since his warning, BTC has plummeted from around $10,150 to as low as $8,593 – with a current price of $8,912. In response to a trader pleading for mercy, Joe says he’s done shorting BTC for now.

Well, you should have asked me when I was actually dumping. But I guess you were too busy buying the FOMO.

— Joe007 {I identify as Deep Blue whale} (@J0E007) February 26, 2020

Joe says he’s bullish on Bitcoin in the long run. He has a core position that he doesn’t trade and is going short and long as a hedge against that position.

“I’m bullish…