Why the price of Bitcoin has crashed to $ 22.2,000: analyst
Why the price of Bitcoin has crashed to $ 22.2,000: analyst
During Bitcoin's decline one day after the Silvergate Bank's operational challenges are opened, some seem to believe that the nature of the crash was far too fast to be a direct consequence of turbulence.
In fact, the 5-minute diagram shows that the 5%-crash has happened in no more than 20 minutes.
binance, 5 million
- The move caused a significant tick for the liquidations, which are currently running to around $ 243 million in the last 24 hours.
- And during the crash shortly after the Silvergate Bank uncovered many operational challenges and many crypto companies left the ship, nature seems to be wrong.
- intraday dealer and creator of delta-based trading systems 52 at an angle took it to Twitter to clarify the reason for this special crash.
btc-well, not a sharp squeeze-up, but a sharp margin cascade here.
What led to this step is a large Binance spot sale directly into an area with stacked longs.
Major request.
now, no Sharp squeeze-up, but a sharp margin cascade here.
What led to this step is a large Binance spot sale directly into an area with stacked longs.
Major request pic.twitter.com/bkyrfczkjs
- slanted δ (@52KSKEW) 3. March 2023
The contribution "Why Bitcoin’s Price Crashed to $ 22.2k in Minutes: Analyst" first appeared on Cryptopotato.
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