BNTY Token - A Story of Accumulation

Disclaimer: This is not investment advice, please do your own research. I do own BNTY tokens.

This is the second post of a series where I shed light on the hidden giant that the BNTY Token is.

If you haven't read my first piece about BNTY, make sure to do so before proceeding with this one.

This will be a short article as my time is limited, and many words are not needed.

A story of accumulation

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BNTY found its bottom in November 2018, at $0.002 per coin, after which a 5 month accumulation period followed.

This accumulation period ended on April 2 with BNTY violently breaking upwards with a 200% move in 2 days.

Is this what a "dead coin" looks like? Certainly not.

In fact, the structure of the BNTY accumulation period is HIGHLY uncommon.

A careful observer will notice that the bottom is too perfect and flat to reflect natural market behaviour.

This showcases that there is likely 1 person, or a small group of people, that has been placing very large hidden buy orders.

This resulted in the price forming a perfectly linear plateau, which is unusual in markets.

What do these wealthy individuals know that you don't?

If you read my first article about BNTY, you wouldn't be asking yourself that question.

"They" are ready

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If you have been following the order book action for BNTY on both Kucoin and Gate.io, you will notice another unnatural occurence.

Over the past few weeks, most of the sell side for the BNTY token has completely vanished.

Right now, a market buy order of just $1,200 worth of BNTY would result in the BNTY price doubling.

That's how thin the order books are.

Now you may wonder, what exactly happened here?

Simple.

Large investors ("whales") that want to build a big position in a relatively illiquid asset, often set-up fake sell walls that cause small investors to panic and sell their position at market price. This achieves the desired effect of the "whale", which is getting his buy orders filled

Due to low BNTY trading volume, it would have been practically impossible for a big investor to get a big order filled without this strategy.

Now that these fake sell walls were fully pulled from BNTY, we know that the entity, or entities, that were accumulating BNTY for the past 5 months have filled all their buy orders.

And when the big players are ready, that's when the market starts to move.

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Blog Dark Hunter

[$BNTY] $1.6 Billion Market Capitalization | $7 per coin

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Author Dark Hunter

BNTY Prophet. Whale whisperer. You will buy my BNT...

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