The cryptocurrency market once again became the protagonist of an intense day after a momentary flash crash of Bitcoin that eliminated more than 357 million dollars in long positions. The event had a single culprit: a whale that decided to sell 24,000 BTC, migrating a large part of its capital to Ethereum.
The operation, which included movements of inactive tokens for more than five years, unleashed immediate selling pressure. While Bitcoin lost key supports, Ethereum received more than 2,000 million dollars in purchases and 1,300 million have already been allocated to staking.
