Massive sales mandate Flash crashed bitcoins price to $ 51,000 at Bitstamp

Massive sales mandate Flash crashed bitcoins price to $ 51,000 at Bitstamp

Bitcoin reached a new one on Monday morning during the Asian trading session. At the time of writing, BTC-Prices US dollars still close to this level.

Bitcoin published its third weekly green candle and the fourth in the daily time frame. The asset has increased impressive 17% in the last 7 days and 31% in the past 14 days. However, there was a discrepancy on a popular trading center, such as the Twitter dealer "Hsaka"-A flash-crash, which occurred on the BiSTAMP exchange . The prices rushed to around $ 51,000 on the platform after a large spot sale, but the markets were not affected.

What kind of Neanderthal market sells $ 40 million on Bitstamp. pic.twitter.com/uiwtnbf9dg

- hsaka (@hsakatrades) 10. October 2021

A flash crash is typically described as an event in which the price of an assets immediately falls by a large percentage and rises again immediately. That happened hours at Bitstamp. BTC was around $ 55,500 before it suddenly crashed to $ 51,000, as the following graphic shows. It crashed as quickly. The TradingView volume data show that 212 bitcoins were sold in this minute, which most likely led to the strong decline.

Btcusd flash crash on Bitstamp. TradingView It is worth noting that this is not an isolated case in the cryptocurrency area. crypto potato has reported Several such examples in the past, in which the BTC price has fallen by double-digit percentages in seconds. Some alternative coins are also affected. At the beginning of this year, the Dot/USD Quarterly Perpetual Futures Contract went to the coin margin area of ​​Binance Futures A massive flash-crash as the price from a highest level of 33.862 USD to A low of 0.20

.