> “I sold at $5,000 or $4,980,” he said. I doubt it. If you follow the Bitcoin price you'll know that a lot of indices reported the price hit over $5,000 but t

> “I sold at $5,000 or $4,980,” he said. I doubt it. If you follow the Bitcoin price you'll know that a lot of indices reported the price hit over $5,000 but that was because the Chinese exchanges were trading at a premium (up to $5,150 on OKCoin) which dragged it up. It didn't actually hit $5,000 on Coinbase, Bitfinex and Bitstamp - and when it did trade at high $4900s it was for low volume for a very short period of time The reason why the price delta between the USD and CNY exchanges is high is because of how difficult it is to trade between the two (also because of restrictions on CNY) So he's either trading on Chinese exchanges and figured that out, or ..