Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: cheezcarls on January 20, 2020, 07:32:03 PM
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The price of Bitcoin took a substantial spill in recent trading, moving from $9,150 to $8,600 in just 5 minutes. The drop, which saw as much as $108 million in long positions liquidated, was allegedly created by whales.
According to Twitter user and cryptocurrency influencer Joseph Young (@iamjosephyoung), the drastic fall off was the result of whales on Binance. Large-block traders are often referred to as ‘whales,’ and can cause major market shifts.
To read the full article, click here (https://beincrypto.com/bitcoin-price-dip-allegedly-caused-binance-whales/?utm_campaign=amba&utm_medium=social&utm_source=altcoinstalks&utm_content=jc)