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The Bitcoin (BTC) thread
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<blockquote data-quote="Coja Petrus Uscan" data-source="post: 1478330" data-attributes="member: 12967"><p>There is only one comparable crash to this that was not the end of the bull market - the March 2020 flash crash. I seem to remember that was triggered by a slew of futures liquidations snowballing.</p><p></p><p>The only good news is the volume that has taken this down from $38K to $31K is not that large.</p><p></p><p>It is testing the low for the entire year (2021), which is about $30K.</p><p></p><p>Social metrics are way down, but thus far only down to about April levels.</p><p>Binance, Coinbase, Coinmarketcap traffic is steady for now.</p><p></p><p>We must hope that because this was such a strong move up, that it had to have a very big correction.</p></blockquote><p></p>
[QUOTE="Coja Petrus Uscan, post: 1478330, member: 12967"] There is only one comparable crash to this that was not the end of the bull market - the March 2020 flash crash. I seem to remember that was triggered by a slew of futures liquidations snowballing. The only good news is the volume that has taken this down from $38K to $31K is not that large. It is testing the low for the entire year (2021), which is about $30K. Social metrics are way down, but thus far only down to about April levels. Binance, Coinbase, Coinmarketcap traffic is steady for now. We must hope that because this was such a strong move up, that it had to have a very big correction. [/QUOTE]
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