This wasn't a fear-induced dump but a liquidation of a billion dollars worth of leveraged longs.
Posted Using LeoFinance Beta
This wasn't a fear-induced dump but a liquidation of a billion dollars worth of leveraged longs.
Posted Using LeoFinance Beta
These two things aren't mutually exclusive.
This was the perfect time to take gains and snowball the price downwards.
Pretty much every flash crash is when longs get liquidated.
That's the only way to melt the liquidity away so quickly.
This is what I've been hearing all over here
Posted Using LeoFinance Beta