Price impact: $BCH, Aug 14, Poloniex to enable withdrawals of $BCH

Denis Gorbachev
Aug 9, 2017 · 1 min read

Properties

  • Probability: 90%.
  • Initiator: Poloniex.
  • Event timestamp: imprecise (“We expect this to occur on or before 8/14/17”).
  • Announcement timestamp: August 3, 2017, 5:37 PM UTC

Impact

  • $BCH: down. Some holders shall dump $BCH after withdrawing it from Poloniex.
  • $BTC: up. Some holders shall exchange $BCH for $BTC.

Notes

  • The amount of released $BCH shall be ~5000 (based on WalletExplorer).
  • 24h $BCH volume on Bittrex amounts to $4774630 (around 14691 BCH at $325) as of Aug 09.

Denis Gorbachev

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