📉A single WHALE caused the DROP of $BTC from $114,000 to $111,000 in 10 minutes by SELLING more than 24,000 BTC, including coins that hadn't moved in 5 years.
▪️This caused $250,000,000 in long leveraged positions to be LIQUIDATED in 30 minutes. ▪️The giant has already sold $2B in BTC, bought $2B in #Ethereum, and has $1.3B of $ETH in STAKING, according to @JacobKinge
👀The FALL of BTC generated some panic and there were also sales in ETH and altcoins by investors, but it seems to be recovering now.
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#Bessent on BTC Reserves ⚠️LAST⚠️
📉A single WHALE caused the DROP of $BTC from $114,000 to $111,000 in 10 minutes by SELLING more than 24,000 BTC, including coins that hadn't moved in 5 years.
▪️This caused $250,000,000 in long leveraged positions to be LIQUIDATED in 30 minutes.
▪️The giant has already sold $2B in BTC, bought $2B in #Ethereum, and has $1.3B of $ETH in STAKING, according to @JacobKinge
👀The FALL of BTC generated some panic and there were also sales in ETH and altcoins by investors, but it seems to be recovering now.