22/09/2018/21:50CET
Hot off the press
Just wanted to bring some fresh news to btc traders.
In the last 2 hours. BTC flash crashed on Bitfinex.
Take a look at the 1m chart here!
There is a 1 minute candle with a top to bottom range of 211 usd or 3.15% drop
Volume was also very thick in this one minute - almost 2850 bitcoins were dumped onto the market in that 1 min!
just to put perspective on this volume:
The 8 hourly average was running at about the 500 bitcoin. PER HOUR
Amazing to see the powerful resilience as a whale or WS trader tried to dump the market.
Bonus chart - here is the bitfinex shorts in 1 min format laid up next to the price chart!
Correlation!
Sure does look like it.
So is the tail wagging the dog?