Another flash crash.... ~$4000 Bitcoin price plunge wipes hundreds of billions from global cryptocurrency markets The crypto has rapidly plummeted in a flash crash, dragging down all the other big players with it, just a week after hitting an all-time high....... https://www.news.com.au/finance/mon...s/news-story/06daff96db7a2928bcb0f9e96ffc6c59
Crypto market is a manipulator's dream, no hard regulation - perfect to run all sorts of strategies not allowed elsewhere. It's all starting to look interesting from a trading perspective.
I saw on Twitter a whale dump sell of $1.5B worth of bitcoin caused the flash crash. Quite suspicious to sell like that unless there's a purpose to it. It did not last very long, btc went back up quickly It might be a good idea to put limit buy orders that are far from current price on exchanges Bitcoin hodlers unaffected by these events
Maybe the BTC holder wanted to put that money into SHIB? You Crypto guys are a bit wacko, 1 tier behind the options guys, who are still totally crazy.
To the cynical mind it looks like someone spent a few million to save 10s of millions in shorts that day.