Topic: Bitcoin 7-09-2021 flash sell-off who is responsible? - page 2. (Read 235 times)
I doubt there's a reliable way for anyone to confirm one way or the other. You can invite speculation about it, but you're not likely to get a definitive answer. I'd like to say it's probably a combination of many factors, but, given what happened with a certain prominent businessman on Twitter not long ago (that we had far too many topics about), we can't really rule out the possibility of market manipulation by a small minority either. Anything is possible.
Could be the IMF in cahoots with large institutions to short to punish El Salvador. Could be the El Salvadorians selling when they got their free $30 in bitcoin. Could be whales using the day to fool people & take advantage to dump the market. Lots of longs were wiped out, basically it could be anything. I do think there were several large players involved though.
Bitcoin entered this week with the most glamorous mood since April, with a market price of $52,500, and on the 7th of September 2021, which is Tuesday, the Bitcoin market crashed to $46k within a second.
On 7th of September a day, Bitcoin became a legal tender of a country 🇸🇻 El Salvador.
Who is responsible for the crash is it the whales or recent buyers.
On 7th of September a day, Bitcoin became a legal tender of a country 🇸🇻 El Salvador.
Who is responsible for the crash is it the whales or recent buyers.
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