08/26 Update below. This message was initially published on August 25
Bitcoin underwent a so-called “flash accident” which hit $ 4,000 from the Bitcoin price in a few minutes (just after Harvard economist admitted that he had badly had bitcoin and crypto ten years ago).
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The price of Bitcoin, which has been on a downward trend since the president of the federal reserve, the president of the federal reserve, Jerome Powell, continued to flow later – fears that he could have killed the new cryptocurrency of Kanye West which dropped by 80% of its summit of all time.
Update 08/26: The price of bitcoin remains under pressure after a “Flash crash” sent a bitcoin downward, Ethereum, XRP and other major cryptocurrencies losing another 100 billion combined dollars.
Bitcoin fell less than $ 110,000 per Bitcoin for the first time in early July, with price reductions for Ethereum, XRP and the rest of the major crypto market exceeding Bitcoin after the president of the Federal Reserve Jerome Powell sent Bitcoin above by signaling the opening to a drop in September interest.
Crypto investment specialist at 21Shares David Hernandez, writing in a note sent by e-mail, underlined the personal consumption expenses on Friday, the inflation data on Friday by pushing the bitcoin around $ 120,000 per bitcoin or by winning more “momentum”.
“We have seen a clear change in feeling,” said Sean Dawson, head of the options platform. “For example, the Skew 25-Delta has become negative for Bitcoin and Ethereum, indicating a preference for the puts on calls. This is the highest downward protection demand we saw in two weeks. Traders seem to be relaxed for potential retratestage of $ 4,000 for Ethereum and $ 100,000 for Bitcoin. ”
Dawson has returned the chances that Bitcoin crashes at around $ 100,000 by the end of September 35%, compared to 20%before, and Ethereum at $ 4,000 to 55%.
“With the strengthening of macro pressure and volatility doping, the markets reset quickly and the way to go could be more bumpy than many were positioned,” added Dawson.
The sudden drop in Bitcoin, coming in the middle of fears, a “crisis” of the US dollar could propel the price of bitcoin, was attributed to a single large holder of 24,000 bitcoins worth more than $ 2 billion, according to social networks.
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The price of bitcoin has dropped sharply in what is called a “crash crash”, dragging on the wider cryptography market.
AFP via Getty Images
“Bitcoin Flash Crash Today, which has erased $ 310 million in long -term positions, was traced in a single spill by Bitcoin Bitcoin for Etheruem,” said Jacob King, a Bitcoin and Crypto analyst and COMPLO director of the Whalewire research company, published on X.
“The whale has sold more than 24,000 BTC, including parts that had not been moved for more than 5 years, sending more than 12,000 bitcoin today alone to the hyperunite trading platform.”
Sudden sale has weighed on the wider cryptography market, including Ethereum, wiping around $ 100 billion on the combined market of $ 4 in just 24 hours.
“This entity has liquidated its set of 24,000 (Bitcoin), sending all this to Hyperunite. They have transferred 12,000 people today and are still actively sold, which probably contributes to the drop in prices in progress,” said the pseudonym of the Bitcoin Timechainindex Sani data site published at X.
While some Bitcoin and Crypto Market observers blame the “Flash crash” on a single seller, other suspicious “coordinated actions” which could involve “institutional actors”.
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The price of Bitcoin has undergone a sale of Flash crash, reaching the price of Bitcoin up to $ 4,000.
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“It is more likely the work of several whales or an exchange with important assets, rather than one entity,” said Kronos Research investments, Vincent Liu The block. “Large-scale transactions like this often involve institutional actors or coordinated actions.”
The slowdown in Bitcoin prices, after the rise in the Bitcoin price, increased sharply on Friday, has feared that the sale of spreading on the wider market of cryptography.
“Bitcoin is negotiated at $ 112,000, having fallen at some point at $ 110,000, a new hollow since
In early July, “said Alex Kuptsikevich, chief analyst of the FXPRO market, in the comments sent by e-mail.
“Friday’s overvoltage seems to have attracted new sellers, pushing the bitcoin below its average of 50 days. So far, it seems that liquidity is transferred from Bitcoin to Ethereum or other altcoins, such as Solana. However, we cannot exclude the possibility that all processes start at Bitcoin, and a change similar to the sale on growth is simply
At the corner of the street in Altcoins. “”
