Investing.com - began to filter on the currency configured through on Monday, amid a heated debate in the digital currency market about the escape of large landowners, whales, where whale leaves billions of dollars in the composition of the price down , arguing.
Bitcoin's price decreased by 5.6% to reach the level of 56,383 dollars per currency, after reaching the level of 61,468 dollars per currency on Sunday.
The liquidation was due to the detection of a huge movement of 18,961 bitcoins on the blockchain, which some speculate is owned by a wallet on the Jimny platform.
Moving huge amounts of Bitcoins on the blockchain is nothing new, but history shows that Jimny's massive flows are dragging behind a sea of blood.
Bitcoin whales are getting bigger, and they are usually blamed for huge, unexplained moves in the cryptocurrency market.
A Bitcoin whale is someone who owns at least a thousand digital currencies, and this number increases, and is approaching record levels.
According to analyzes from Glass Node of the currencies on the chains, it appears that the whales reached 2,164 digital currencies during the past week, and the record number was 2,814 gatherings, in September 2019.
Some disagree with the interpretation of these transactions, and being similar to what happened in the past with whales leaving the market, according to Jimny's transfers. Onchin's analyst Willie Wu says the flow of 19,000 BTC was fake, as traders leveraged the liquidation.
But if the transaction is internal or external, the recent liquidation reminds the market of the strong nature of volatility, and how badly this nature mixes with leverage, when trades take a different turn.
read also : Coinbase is valued at $ 90 billion in private auction
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