Alleged Ex-BitForex CEO Said to Control 100,000 BTC on Hyperliquid Whale
Identity of the Whale: A crypto investigator claims that the whale controlling over 100,000 bitcoin on Hyperliquid is Garrett Jin, former CEO of the collapsed BitForex exchange, linking his Ethereum Name Service address to his verified social media account.
Connections to Past Controversies: Jin's wallet activity aligns with his previous business dealings and has interacted with addresses tied to BitForex and Binance, raising concerns about potential recycling of tainted funds through his new ventures.
Skepticism Among Analysts: Some analysts, like Quinten François, question the validity of the evidence connecting Jin to the whale, suggesting that the apparent simplicity of the links may be designed to mislead investigators.
Impact on Decentralized Trading: The whale's trading activities on Hyperliquid, a rapidly growing platform for perpetual futures, highlight the ongoing complexities and obscurities in the crypto market, where significant players often operate in the shadows despite the industry's emphasis on transparency.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for X
Technical Sentiment Analysis for X Empire (X) As of , X Empire (X) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for X stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, X is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000595 | 0.00000891 | 0.0000115 | 0.0000145 | 0.0000171 | 0.00002 | 0.0000226 |
| Fibonacci | 0.00000891 | 0.000011 | 0.0000123 | 0.0000145 | 0.0000166 | 0.0000179 | 0.00002 |
About X
About the author
