https://www.tradingview.com/x/dWWwrc52/

BTC Flash Crash

Bitcoin whale sold 600 btc on low liquidity exchange, bought up all the sells down to 7.5k

Imagine the nerds that had their buy orders set at 8k lol... instant millionaires.

that poor soul lol

odds are it was the exchange that did it to get rid of swaps& stops. very few people have 600 btc nowadays. (worth 40 million for those who need help w/ math)

This post was edited by Bjorni on Oct 22 2021 11:31am

So he lost millions of $ by market selling?

Rofl

guy needed to liquidate aparently

probably had a emergency

dayyum lol, idk he probably had no clue that would happen and hates life rn

couldve been a fat finger, i doubt it thought. my theory is market maker wanted to swap fees for exchange since they were paying out .06 for longs at the time every 8hrs

This post was edited by Bjorni on Oct 22 2021 03:34pm

Could be either yeah, stuff happens on occasion in crypto

"Popular Twitter trader Crypto Chase said "well done Binance U.S." and sarcastically commented that it's a "good thing Americans are forced on to these dogs**t exchanges where they can get completely scammed on unreasonably thin books."

He was referring to the stringent regulation that forced most cryptocurrency exchanges to deploy separate trading platforms for U.S. customers only. Consequently, American crypto traders tend to operate on less liquid cryptocurrency exchanges."

sounds about right, lolol