The Bearwhale (Bitcoin: A Visual History 02-04-B)
On October 6th, 2014, an anonymous trader placed a 30,000-BTC sell offer on Bitstamp at $300. At the time, that single $9M order accounted for 30% of Bitcoin’s average daily volume, and immediately set off a flurry of speculation. Many feared that such a substantial liquidation would cause the price … (read more)
On October 6th, 2014, an anonymous trader placed a 30,000-BTC sell offer on Bitstamp at $300. At the time, that single $9M order accounted for 30% of Bitcoin’s average daily volume, and immediately set off a flurry of speculation. Many feared that such a substantial liquidation would cause the price to plummet.
Over the next six hours, the community rallied to buy up all of the Bearwhale’s coins and preserve the market value. By the end of the trading session, the entire 30,000-BTC order had been consumed and the Bitcoin price had actually appreciated to $340.
Although the trader has remained anonymous, the Bearwhale incident has been immortalized in paintings, t-shirts, and even 3D printed objects, as an enduring example of the global community coming together in real-time against overwhelming odds.
About this Series
"Bitcoin: A Visual History" is a series of 21 illustrations and cinemagraphs commemorating remarkable people and landmark events throughout Bitcoin history. BVH is divided into 3 series of 7 illustrations each, with Series 1 dropping in late August 2020. Series 2 and Series 3 are scheduled to drop in the last quarter of 2020 and the first quarter of 2021, respectively.
Each illustration in BVH interlocks with the illustration immediately preceding it, and once completed, all three sets will form one massive unbroken chain of interconnecting illustrations.
Each segment is available as a 1-of-1 ultra-rare cinemagraph, or as a 10-of-10 limited edition illustration.
This series was created by CRYPTOPOP! with the support of WavesWorld.io.
About the Artist
Cryptopop.net is a project of artist Luis Buenaventura (@helloluis), and began in 2017 as an attempt to blend the esoteric and often opaque nature of cryptocurrencies with the accessibility of pop culture iconography. He has created artwork for Coindesk, CoinMarketCap, Litecoin Foundation, Monero Foundation, is a coauthor of The Little Bitcoin Book (@littlebitcoinbk), and is the founder of BloomX (@bloomxorg).
- 1800 x 2400 px, PNG (4.5 MB)
- This is a signed and limited edition digital creation.
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