Bitcoin Crashes To Nov 2024 Lows Amid $1.5 Billion In Levered Liquidations
How much verified proof exists for this claim
Single weak corroboration
How intriguing or unexplained this claim is
The claim involves some uncertainties and emerging narratives, particularly regarding the reasons behind the Bitcoin crash and the role of algorithmic trading, but it is based on a specific event with some level of documentation and coverage.
Bitcoin Crashes To Nov 2024 Lows Amid $1.5 Billion In Levered Liquidations In an otherwise quiet session - as one would expect for a Saturday, certainly the algos would - starting early this morning there has been concerted pressure to sell into the bitcoin spot price following yesterday's Warsh-inspired rout which repriced bitcoin from 88K to 84K, pressure which grew into a liquidation firehose just after 9am ET and especially at noon, when we saw massive algo-driven volumes hitting the bid....