Fundstrat: Bitfinex $1B IEO Raise Could Pressure Bitcoin (BTC) Lower

On Saturday, reports revealed that Bitfinex, one of the largest crypto exchanges in existence, unveiled official plans to sell $1 billion worth of an asset called LEO. While this seems innocuous, a leading analyst warns that it could be a detriment to Bitcoin (BTC).
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Bitfinex To Sell $1B Worth Of LEO
As reported by NewsBTC previously, last week, Dovey Wan, the founding part