Le Wiz
--
Main Reasons for the Decline in Cryptocurrencies
1. Massive sell-off by 'Whales' and causing a 'Flash Crash'
• One of the major investors sold about 24,000 Bitcoins (equivalent to billions of dollars), causing a rapid unexpected price crash and establishing support around ~110,000 dollars.
• This sell-off triggered a series of forced liquidations, leading to the closure of long positions worth over $900 million, which intensified pressure on the market.
• One of the major investors sold about 24,000 Bitcoins (equivalent to billions of dollars), causing a rapid unexpected price crash and establishing support around ~110,000 dollars.
• This sell-off triggered a series of forced liquidations, leading to the closure of long positions worth over $900 million, which intensified pressure on the market.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
120
0