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karasarmaye · 2 years
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goforcrypto · 4 years
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Bitcoin Price Drop to $8.9K Caused by Whales Selling at Major Exchanges
Bitcoin Price Drop to $8.9K Caused by Whales Selling at Major Exchanges
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Selling by Bitcoin whales dropped BTC reserves at major exchanges and triggered today’s sell-off to $8,900.
As the weekly open commenced Bitcoin price dropped below $9,000 in a rapid pullback, liquidating $30 million in longs on BitMEX alone. According to market data, part of the sell off was the movement of crypto whales closing positions which led to panic selling among retail investors.
Whal…
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