Bitcoin price collapsed by more than 10% per night
In just a few hours, there was a drop from $ 8,580 to $ 7,720, but now the MTC is recovering, and the price is already above $ 8,000.
This correction is associated with the actions of a certain whale, which yesterday before the fall brought 25k VTS to Coinbase, and immediately after it brought out 25k VTS and about $ 10 million. It is assumed that he sold at the top and bought at the bottom, and the profit from such manipulations was about 4- five%.
This is really possible and this is one of the shortcomings of the Bitcoin ecosystem, one large holder can seriously manipulate the price. And there are dozens of such holders.
