Flashcrash: Bitcoin drops and a sudden increase of 1000 dollars on the Kraken floor in 5 minutes

Bitcoin never surprises us. A new flash crash on the Kraken floor. In less than 5 minutes, BTC lost more than 1000 dollars worth.

The event takes place on April 25, 2019 at 23:45. Prices fell from 5465.3 USD to 4357.1 USD, filling a large number of orders with unusual low prices.

In those 5 minutes, more than 1500 BTC were exchanged. After this immediate sale, the price returned to normal price, closing the 5-minute candle at 5452.9 USD.

This event makes some traders somewhat confused. While some commented on their luck, others were worried about the possible decline in BTC in the near future.

Among the cautious people are SenseiTrailex, who explained that there is no need to be afraid of these unusual falls, but stresses that it is important to be cautious in a market that is still setting up the volatility of it.

What kind of events happened on other occasions. Recently there are Waves / BTC and ETH / TUSD on Binance floor. The explanation may include from programming bots to simple human errors. Another possible cause is the quick entry of a whale, placing large market orders to get money immediately.

Until now, it was unknown who could be responsible for setting order, so we can only speculate on the cause behind this strange incident.

A few days ago, a similar event happened in Binance. On April 17, 2019, at 8 am, Waves reduced nearly 99% of its value, from 5070 sats to 10 satoshi. Soon after, Waves increased by 5000% when placed at 5078 satoshi per token.

WAVES / BTC on Binance

In addition to some coordinated "pump and dump" plans that are often in low average currency, it is important to note that as with the case of BTC, the most important currencies are also objects of the type. this event. A notable example is when ETH lost nearly 90% of its value, going from about $ 100 to nearly $ 13 on December 6, 2018.