Flash Crash! Whales Drowning Bitcoin Price


All right, let’s move on. Bitcoin (and almost everything else) fell 15% over a 7 minute period when the whales lowered their BTC. At around 5:26 p.m. PST, Coinbase went down as well, but service was restored at 6:14 p.m.

The top 10 coins by market cap, as usual, saw similar declines, with Ethereum plunging from $210 to $191.

Apparently, Whales started liquidating their BTC positions in $2 million chunks at exactly 17:00 in California. Bitcoin fell from $9561 to $8570 in just under 30 minutes, before rising to $8770, where it was visibly dropping as this article was written.

Expect more thrills and chills and weird whalish behavior as we head into the Bitcoin Halving next week.



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