On June 15, 2023, BlackRock, one of the leading providers of investment, advisory, and risk management solutions, applied for a spot Bitcoin ETF . Immediately after the announcement, reacted with rapid growth. Bitcoin However, this is the time when the SEC is actively fighting with Coinbase and Binance, the two biggest crypto exchanges. The hype around the BlackRock application calms down, and it, in turn, impacts the Bitcoin price, which soon drops to the previous levels.
What does this screen tell us? Somebody with an account named Cointelegraph entered a BTC long position of $50,000 at 50x leverage. The position was open when Bitcoin was priced at $27,774 and exited the position when BTC was $30,274, with a profit of $2,250,800. Surprisingly, it all happened before the tweet with apologies was posted. Did somebody from the Cointelegraph team post the fake news intentionally to earn on the pump? X is full of memes like this.