Just a few minutes Ago, Bitcoin Price on Binance.us Crashed to $8200 and went back up immediately in less than few seconds. The volume in That One Minute Reached more than 600 Bitcoins, almost equivalent to $38.7 Million.
While Changpeng Zhao, CEO Of Binance Exchange tweeted right before the crash – “Expect Very high Volatility in Crypto In upcoming new few Months”
While the flashed crazhed to $8200 could be due to the big sell wall as the volume spiked more than 600 Bitcoin in a Minute.
There is no official explanation by binance or the cause of this flash crash as of yet.