Bitcoin fell $1,500 in just three minutes in an overnight price crash Monday.
But the dip has not deviated the world’s leading cryptocurrency from extending its uptrend.
A top stock market analyst noted that risky assets would keep growing in value as long as there is a stimulus.
Bitcoin has yet another Black Swan event on Tuesday as its price crashed by $1,500 in just three minutes.
XBTUSD crashed $1,500 overnight | Source: TradingView.com, BitMEX
Observed noted that a misbalancing in the Bitcoin futures’ funding rate caused the crash. That represents a fee that bullish contract holders have to pay to bearish contract holders every eight hours – or vice versa.
Before the crash, the derivative market on BitMEX was majority long, which means most of the traders expected the bitcoin price to rally further into the week. That allowed…
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