BitMEX Research Calls Panic Sell Thesis to ETH Decline False

BitMEX Research Calls Panic Sell Thesis to ETH Decline False

On October 1, 2018 BitMEX Research, the research arm of crypto exchange BitMEX, published its study called Ethereum holdings in ICO treasury accounts. The study analyzed the amount of ETH raised and the USD value of gains and losses due to Ethereum’s recent price decline

BitMEX Research worked with London based firm TokenAnalyst for this study. Researchers analyzed 222 ICO projects. These projects raised a total of $5.5 billion worth of ETH, which might have been sold by ICOs at about the same amount; but $11 million less.  These projects have realized gains of $727 million derived from their ETH profits. At this time, there are still 3.8 million Ethereum on the balance sheets of the 222 projects. The said amount of ETH will not have much impact on its market price, according to the study.

The study arrives at the conclusion that, on the macro level, the panic sell thesis with regards to Ethereum price crash is false.


117.70 USD -0.22%
0.03298000 BTC -0.39%
Volume, 24h
611,518,538 USD
12,273,110,346 USD

Related news

Cryptocurrency News LIVE! - Bitcoin, Ethereum, EOS, & Much More Crypto News! (Jan. 21st, 2019)

😀 Thank You For Watching! :D 🚩 Remember to subscribe and hit the bell "🔔" icon! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ SUPPORT THE CHANNEL ► Patreon Sponsors (Private Telegram Group) - ► YouTube Sponsors - -~-~~-~~~-~~-~- Crypto Donations Are Really Appreciated! ►💓Donate Ether and Ethereum-Based Tokens: 0x1466032B4F0F13910DA35B16371807428CB40714 ►💓Donate Bitcoin: 3JKQycXHdD5yqSRTf5VabM28Ff9AfXYcJD ►💓Donate Bitcoin Cash: qrsq45lsrumctyu98mgjgc0qjaleng2jdgau3qz90x ►💓Donate Using Paypal: -~-~~-~~~-~~-~- MUST HAVE ► The Ledger Nano S Crypto Hardware Wallet - ►Trezor Hardware Wallet - ► Personal Book Recommendations & More - -~-~~-~~~-~~-~- 🎁FREE STUFF ►The Brave Browser (Fast Browser That Will Pay You In Tokens If You Choose To View Ads): ►Search Sites Like Google Anonymously To Earn Presearch Tokens: -~-~~-~~~-~~-~- ► Crypt0's Recommendations On Amazon - ► Crypt0 Merch - -~-~~-~~~-~~-~- 📬 Mail Me Something! Omar Bham P.O. BOX 451218 Los Angeles, CA 90045 United States -~-~~-~~~-~~-~- 🔥MORE CONTENT ► The "Crypt0 Plug Podcast" - ► The "Crypt0 Minute" YouTube Channel - ► Gaming Channel - -~-~~-~~~-~~-~- 💻FOLLOW US ► Crypt0's News Official Site - ► Crypt0 Message Boards - ► Facebook - ► Instagram - ► Twitter - ► Snapchat - minamarie0012 ► Steemit - ► Official Facebook Group - -~-~~-~~~-~~-~- *Nothing I state, share, express, or allude to should be considered professional advice or recommendations of action. This channel is intended for educational and entertainment purposes only. All content contained within is all just my own opinion and experience. Consult a professional (or two...or more) for any tax, accounting or legal related questions you may have. #bitcoin #ethereum #cryptocurrency #blockchain #crypto #economics #investing #trading #futurism #cryptonews #btc #eth #eos #litecoin #technology

Posted byu/artkor just now How To Make More Profit When ETH Goes Down

It really works! ​ ​ ​ ​ The big article about the INVERSE ETH BMxiETH TOKEN ​ ​ DESCRIPTION The lack of investment tools in the crypto world makes this product a unique and a one-of-a-kind opportunity to capitalize on the market downturns and to diversify your arsenal of investment strategies. The vast majority of crypto exchanges only allow you to buy or sell assets without an option to bet against the market. Even if available, short selling, in contrast to the inverse product, is not tradable, not transferable and is subject to a possible margin call. Our product provides you with an opportunity to not only survive through the sharp market declines but also to make profits on such a common situation in the crypto world. STRATEGY The Strategy seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of ETH. Blackmoon’s strategies are powered by proprietary algorithms that make our products cost-efficient, secure and allow positions to be automatically maintained and rebalanced 24/7. KEY STRENGTHS Makes profits when ETH declines Tradable Transferable Executed automatically 24/7 Highly liquid KEY METRICS Asset class: cryptocurrencies Maintenance rebalancing: not less than every 24 hours Reporting currency: USD Service fee: 1.5% per annum For more information on this revolutionary product, please, visit: Blackmoon platform ​ ​ Note! Highly volatile product. Your investment at risk.

Hot news

By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.