Flash crash of 18 August 2023 was one of the fastest seen in recents flash crashes with a low touched in just 4 minutes (4 - 1 minute candles).
Impressive than the low of such well organized (if not manipulated) flash crash was just the psychological level of 1 trillion market cap. Even liquid exchanges and Perp contracts saw many arbitrage opportunities with over 500$ differenfe for some minute between exchanges and also futures arbitrages for over 1000$ per BTC. Well done.
What do you think so about the 1 trillion market cap support? We will be a le to find a base and support for a final high around 34000$ for BTC? Or this is just an alarm and soon a breakout of 1 trillion market cap will open the road for a bear market with target lows below 2022 low?
Thanks for reading.
Impressive than the low of such well organized (if not manipulated) flash crash was just the psychological level of 1 trillion market cap. Even liquid exchanges and Perp contracts saw many arbitrage opportunities with over 500$ differenfe for some minute between exchanges and also futures arbitrages for over 1000$ per BTC. Well done.
What do you think so about the 1 trillion market cap support? We will be a le to find a base and support for a final high around 34000$ for BTC? Or this is just an alarm and soon a breakout of 1 trillion market cap will open the road for a bear market with target lows below 2022 low?
Thanks for reading.