Bitcoin fell below $ 111,000 during the day after day, reversing the Friday peak caused by the dominant speech of the president of the Fed Powell, as a whale sold in non -liquid market conditions.
The price of the cryptocurrency fell by more than 2% from $ 114,666 to $ 112,546 in less than ten minutes to 07:40 UTC. The so-called flash accident occurred when a single whale sold 24,000 BTC, worth more than $ 300 million, according to the Blockchain Timechainindex.com data company.
“This entity has liquidated all of its balance of 24,000, sending all this to hyperunite. They have transferred 12,000 people today and are still actively sold, which probably contributes to the drop in prices in progress,” said Sani company researcher on X, adding that the whale still holds a total of 152.874 BTC in all associated addresses, including 5.266 BTC.
“The funds originated from HTX about six years ago and had remained inactive until recent transactions involving one of their addresses containing approximately 24,000 BTC,” noted Sani.
Prices finally reached lows of less than $ 111,000 before recovering to negotiate nearly $ 112,800 during the editorial staff, according to Coindesk data.
Inverted Powel Spike
The drop in prices erased the gains seen after Friday, after the Fed chair, Jerome Powell, seemed to support the idea of rate cuts, while playing the inflationary impact of President Trump’s prices during his annual speech in Jackson Hole in the long term.
The speech says that BTC has enabled the BTC to bring together almost 4% from $ 112,500 to $ 116,900 alongside a risk rally in American stocks and the drop in the dollar index.
During the weekend, the community of analysts expressed its confidence that a drop in rate would occur in September, potentially leading to new heights of all time to Bitcoin and ether.
The options are disagreement
Bitcoin options listed in the drunk reveal a persistent risky aversion, according to the data followed by Amberdata.
More specifically, the reversals of risks at 25-Delta, a measure of the feeling of investors comparing the appeal to put, continue to negotiate the negative territory until the expiration of December, reflecting the coverage activity and a lower title.
A negative risk reversal means that the installation options, which offer assurance against price reductions, are more expensive than appeal options.
In other words, despite the so-called pivot with Powell, the BTC optional traders continue in uncertainty, preparing for potential downward volatility.
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