Fast Take
- In combination, $120 million price of Bitcoin was dumped onto the market yesterday.
- Primarily from Binance whales — the place many of the promoting strain got here from.
- Within the grand scheme of issues, this isn’t a number of promote strain however the points stem from an illiquid market — value is inclined to aggressive strikes.
- The transfer down earlier this week resulted from an 8% drop in open curiosity, leading to a liquidation cascade.
The publish Bitcoin drops to $26K as the results of Binance whales selloff appeared first on CryptoSlate.
