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