What Bitcoin’s Weekend Dip Means for the Crypto Bulls
A weekend sell order from a large buyer has triggered a flash crash for the world’s largest crypto, forcing over half a billion dollars in liquidations.
The sell order of 24,000 BTC, worth $2.7 billion, catalyzed a 3.74% correction in under ten minutes, resulting in $623 million in liquidations, according to data from CoinGlass.
Still, Bitcoin is up 2.41% from its weekend low of $110,484 and is currently trading near $113,169, according to CoinGecko data.
“Should be much easier to go up once short-term momentum clears and price moves above $113,500 – $114,000,” Alex Krüger, a crypto trader and founder of Aike Capital, posted Sunday on X.
Despite the whipsaw price action, some experts suggest this sell-off is…
