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RE: Bitfinex: 16% BTC and 46% ETH withdrawn and What the discrepancies in numbers might mean
I had wrote a line about this dragging ETH price down and triple punish ETH holders,1 haircut, 2 valuation, and now 3 devaluing ETH. But I felt I was biased as I was/am an ETH holder and if that was a conclusion I would let others make it for themselves.
Also any price drop due to this is temporary.
Thanks for the chart I will add it into post