Celsius, bankruptcy and whales
Celsius, the crypto lender that last month halted withdrawals, has filed for bankruptcy. User withdrawals will remain halted.
What can we see on charts?
- The price has dumped around 11%, which is expected:
2. Network Profit Loss showing almost only loss last months:
3. Now the interesting part. Whales balance:
Big token holders are not panicking, they are pulling down slowly.
Their reaction to filing to bankruptcy is quite calm compared to earlier moves. Either all who wanted has already left, either... there's not enough liquidity?
Oh yes, this is the case. Whales simply can not offload Celsius without loss.
Losses here and there.
This is the way.
Thanks for reading!
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