Home Blockchain News Crypto Whale’s $200 Million Short Triggers 8.5% Bitcoin Price Plunge

Crypto Whale’s $200 Million Short Triggers 8.5% Bitcoin Price Plunge

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On June 30, according to a cryptocurrency trader, a single investor on Bitfinex placed a 20,000 BTC short order, betting more than $200 million that the bitcoin price would go down in the near term. Overnight, the bitcoin price fell from $11,900 to $10,765 as the valuation of the crypto market dropped by well over […]

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* First published on ccn.com

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