10-06-2021, 09:49 PM
Someone smash bought $1.6 billion worth of BTC in 5 minutes
<!-- SC_OFF --><div class="md"><p>Everybody was expecting to see short squeeze after 52k but it seems what happened wasn't really a short squeeze.</p> <p><a href="https://imgur.com/qqaKc3A">https://imgur.com/qqaKc3A</a></p> <p>As you can see $1.6 billion worth of BTC was taken in just a few minutes by a big buyer. It means they smash bought market orders. It could have been some major institutional buyer.</p> <p>BTC price moved from 52k to 55k within 5 minutes. It seems from that this was a single large buyer. There was not a big short squeeze as many people were expecting. Shorts liquidation at that time was only $17 million. Shorts could be also stopped out but that's not a very big liquidation more than usual.</p> <p>Maybe we will know more about this in the next days.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/KAX1107"> /u/KAX1107 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/q2lswy/someone_smash_bought_16_billion_worth_of_btc_in_5/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/q2lswy/someone_smash_bought_16_billion_worth_of_btc_in_5/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Everybody was expecting to see short squeeze after 52k but it seems what happened wasn't really a short squeeze.</p> <p><a href="https://imgur.com/qqaKc3A">https://imgur.com/qqaKc3A</a></p> <p>As you can see $1.6 billion worth of BTC was taken in just a few minutes by a big buyer. It means they smash bought market orders. It could have been some major institutional buyer.</p> <p>BTC price moved from 52k to 55k within 5 minutes. It seems from that this was a single large buyer. There was not a big short squeeze as many people were expecting. Shorts liquidation at that time was only $17 million. Shorts could be also stopped out but that's not a very big liquidation more than usual.</p> <p>Maybe we will know more about this in the next days.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/KAX1107"> /u/KAX1107 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/q2lswy/someone_smash_bought_16_billion_worth_of_btc_in_5/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/q2lswy/someone_smash_bought_16_billion_worth_of_btc_in_5/">[comments]</a></span>Kind Regards R