Bitcoin prices dumped to $92,980 during late trading on Dec. 5. The move follows an all-time high earlier the same day when the asset came just short of $104,000 on Coinbase.
The 10% flash crash wiped around $10,000 off the price of BTC as another leverage-induced liquidation event occurred.
BREAKING: #Bitcoin briefly falls -$8,000 in 90 minutes to a daily low of $92,000.
Bitcoin has since rebounded +$5,000 off of its low but continues to trade in volatility. pic.twitter.com/7hqeSQl1LW
— The Kobeissi Letter (@KobeissiLetter) December 5, 2024
BTC Flash Crash
The return to five figures came as mainstream media outlets around the world reported Bitcoin’s milestone high above $100,000 for the first time.
“An interesting post-mortem about this move is that the ETFs didn’t follow it at all,” observed analyst ‘lowstrife’ who added:
“This was entirely a spot bitcoin move driven by, you guessed it, leverage.”
“If this is what a couple of degens in Asia can do, what would Sa
We współpracy z: https://cryptopotato.com/bitcoin-recovers-from-leverage-induced-flash-crash-below-93k/
