- Multiple flash crashes for BTC occurred across centralized exchanges.
- Sentiment around BTC declined, but price remained stable.
Bitcoin [BTC] has inspired hope from traders in the last few days due to its recent rally.
However, the tides could change soon against BTC’s favor, primarily due to the mishaps occurring on Centralized Exchanges (CEXes).
Some sudden crashes
More specifically, the sentiment around BTC could be impacted negatively due to flash crashes occurring on CEXes.
For context, flash crashes refer to sudden and extreme drops in the price of an asset or security, typically occurring within a very short period of time, often just a few minutes or even seconds.
During a flash crash, prices can plummet dramatically before quickly rebounding.
These events are typically triggered by rapid and large sell-offs, sometimes exacerbated by automated trading algorithms or liquidity shortages in the market.
In the last few weeks, the occurrences of flash crashes of BTC across various exchanges has grown.
One of the instances of the flash crash occurred on the 18th of March, when the BTC-USDT price on Bitmex experienced a temporary crash to $7,800.
At this point in time, it was still trading at $66,000 on other exchanges.
In a recent post on X (formerly Twitter), the exchange attributed the sudden drop in prices to aggressive selling from a few accounts.
Numerous large sell orders, ranging from 10 to 20 BTC, were executed, including one exceptionally large order of 100 BTC, approximately valued at $6.6 million.
Another instance of this occurred in the European market where BTC-EUR prices on Coinbase fell from €63,000 to €48,000.
Source: X
Bad optics
These mishaps that have occurred on CEXes may contribute to a negative perspective around Bitcoin, especially amidst new market participants and retail investors.
Anyone who is new to the crypto sector may initially start their journey by buying a few blue chip coins such as BTC and ETH on their accounts.
If price crashes occur for these coins, it could erode the trust of new users and deter users from venturing further into crypto. This negative perspective was further showcased by the Weighted Sentiment indicator.
Read Bitcoin’s [BTC] Price Prediction 2024-25
AMBCrypto’s analysis of Santiment’s sentiment data indicated that the negative comments around BTC had outnumbered the positive ones.
These factors could prove to be a hurdle to BTC’s rally, going forward.
Source: Santiment
- Multiple flash crashes for BTC occurred across centralized exchanges.
- Sentiment around BTC declined, but price remained stable.
Bitcoin [BTC] has inspired hope from traders in the last few days due to its recent rally.
However, the tides could change soon against BTC’s favor, primarily due to the mishaps occurring on Centralized Exchanges (CEXes).
Some sudden crashes
More specifically, the sentiment around BTC could be impacted negatively due to flash crashes occurring on CEXes.
For context, flash crashes refer to sudden and extreme drops in the price of an asset or security, typically occurring within a very short period of time, often just a few minutes or even seconds.
During a flash crash, prices can plummet dramatically before quickly rebounding.
These events are typically triggered by rapid and large sell-offs, sometimes exacerbated by automated trading algorithms or liquidity shortages in the market.
In the last few weeks, the occurrences of flash crashes of BTC across various exchanges has grown.
One of the instances of the flash crash occurred on the 18th of March, when the BTC-USDT price on Bitmex experienced a temporary crash to $7,800.
At this point in time, it was still trading at $66,000 on other exchanges.
In a recent post on X (formerly Twitter), the exchange attributed the sudden drop in prices to aggressive selling from a few accounts.
Numerous large sell orders, ranging from 10 to 20 BTC, were executed, including one exceptionally large order of 100 BTC, approximately valued at $6.6 million.
Another instance of this occurred in the European market where BTC-EUR prices on Coinbase fell from €63,000 to €48,000.
Source: X
Bad optics
These mishaps that have occurred on CEXes may contribute to a negative perspective around Bitcoin, especially amidst new market participants and retail investors.
Anyone who is new to the crypto sector may initially start their journey by buying a few blue chip coins such as BTC and ETH on their accounts.
If price crashes occur for these coins, it could erode the trust of new users and deter users from venturing further into crypto. This negative perspective was further showcased by the Weighted Sentiment indicator.
Read Bitcoin’s [BTC] Price Prediction 2024-25
AMBCrypto’s analysis of Santiment’s sentiment data indicated that the negative comments around BTC had outnumbered the positive ones.
These factors could prove to be a hurdle to BTC’s rally, going forward.
Source: Santiment
where to buy generic clomiphene without prescription can i purchase generic clomiphene online how to buy generic clomiphene pill cost clomiphene for sale order clomiphene without a prescription buy clomid pill get generic clomid for sale
More articles like this would remedy the blogosphere richer.
I am in truth enchant‚e ‘ to gleam at this blog posts which consists of tons of useful facts, thanks for providing such data.
purchase zithromax – buy generic sumycin buy generic flagyl 200mg
semaglutide 14mg cost – order semaglutide 14mg online cheap cyproheptadine where to buy
buy domperidone 10mg – where can i buy domperidone order cyclobenzaprine pill
purchase zithromax – order tinidazole 300mg buy nebivolol 20mg pills
augmentin 1000mg us – atbioinfo how to buy ampicillin
esomeprazole ca – nexiumtous buy nexium 20mg generic
warfarin 5mg us – coumamide losartan online buy
buy mobic 7.5mg online – swelling generic mobic 7.5mg
prednisone 40mg without prescription – corticosteroid cheap prednisone 40mg
buy ed pill – https://fastedtotake.com/ best pills for ed
diflucan without prescription – flucoan fluconazole 100mg uk
buy lexapro sale – https://escitapro.com/ lexapro cheap
buy generic cenforce 100mg – https://cenforcers.com/ order cenforce pills
tadalafil without a doctor prescription – canada cialis where to buy cialis online for cheap
cialis copay card – cialis manufacturer coupon lilly cialis for daily use reviews
oral zantac 150mg – https://aranitidine.com/# ranitidine 300mg for sale
order cheap generic viagra – click viagra 50mg for sale
More articles like this would make the blogosphere richer. https://buyfastonl.com/furosemide.html
More delight pieces like this would insinuate the интернет better. order prednisone generic
I’ll certainly carry back to be familiar with more. https://prohnrg.com/product/get-allopurinol-pills/
I am in fact enchant‚e ‘ to glance at this blog posts which consists of tons of profitable facts, thanks object of providing such data. fildena effet secondaire
More content pieces like this would make the интернет better. https://ondactone.com/simvastatin/
This is the description of topic I enjoy reading.
https://doxycyclinege.com/pro/celecoxib/
More articles like this would make the blogosphere richer. http://zgyhsj.com/space-uid-977929.html
dapagliflozin medication – this brand forxiga 10mg
xenical over the counter – https://asacostat.com/ orlistat 60mg canada
The thoroughness in this piece is noteworthy. http://bbs.51pinzhi.cn/home.php?mod=space&uid=7112614