287 days ago • Posted by Charles-Henry Monchau

Bitcoin week-end volatility

Over the week-end, Bitcoin hit a one year high of $12,112 (+20% in just the past week) before it was hit by a wave of selling that sent the price as low as $10,550. The catalyst: more than $1 billion worth of futures were sold in seconds, sparking the now familiar weekend liquidation waterfall. – source: Bloomberg