Cryptocurrency whale Joe007 made $ 20 million in realized profits on the cryptocurrency exchange Bitfinex from December 2019 to January 2020. About two weeks ago, Joe warned that the market was dominated by "phantom" currencies, citing that the market was flooded with trading strategies such as deception and too few fiat currencies entered the market. Since his warning, the price of Bitcoin has plummeted from around $ 10,150 to around $ 8,900. Joe responded to a trader saying he had shorted BTC. Joe said he is bullish on Bitcoin's long-term prospects. His core position is not traded, and he will go long and short to hedge this position.