Bitcoin Investors Unshaken By Sunday’s Flash Crash, Data Suggests

[MRM]

Bitcoin investors appear to have shrugged off Sunday’s violent price crash, according to one data metric.

In just minutes, prices fell by around $1,400 from over $12,000 to sub-$10,700 levels yesterday.
The rapid fall crowded out over $1 billion in bullish leverage from the futures market.
Yet, as the cryptocurrency declined, users withdrew more coins from exchanges than they deposited, suggesting holders were not spooked by the big mover lower.
Source: https://www.coindesk.com/bitcoin-investors-unshaken-by-sundays-flash-crash-data-suggests