To: Glenn Petersen who wrote (170711 ) 4/19/2021 6:08:47 AM From: TobagoJack Respond to of 217645 Re <<bitcoin crackdown, China >> ... the so-called crackdown in Inner Mongolia was because the region missed its climate-control / electricity / GDP target set the mines destined for shut down simply on the move, mostly to Sichuan and a bit to Xinjiang and a sliver to Tibet. Believe Tibet BTC production shall increase Believe China shall go all-in on BTC, but (BUT) in paced way, just like any other experiment rolled out since 1982 In the meantime, is there a more transparent market than BTC? Rhetorical question :0) BTC is arguably better than gold on the transparency scoreu.today $1.2 Billion In Bitcoin Moved from Binance 10 Minutes After BTC Plunge, Here’s What Happened Chart provided by the popular analytics company Glassnode demonstrates that 20,952 Bitcoin was moved from the Binance exchange on Sunday, April 18, ten minutes after the price of the flagship cryptocurrency crashed. That was a plunge by almost twenty percent – from $60,000 to the $51,000 level in less than an hour.
$1.2 billion in BTC withdrawn from BinanceCIO of Moskovski Capital has shared the aforementioned chart about the massive BTC drop caused by an unconfirmed tweet published on Sunday and covered by U.Today. The tweet alleged that the US Treasury intended to charge several financial institutions with money laundering activities using cryptocurrencies. Within an hour after this message was published, Bitcoin printed a massive red candle and altcoins went into the red even deeper. Overall, the tweet wiped $288 billion from the cryptocurrency market. Lex Moskovski, who shared the chart, asked for an official comment from Binance but no representative of the exchange replied to the request. In the comment thread, users have assumed that someone had bought this eye-popping amount of Bitcoin on the dip. Related This Tweet Just Erased $288 Billion from Crypto Market Cap 9,000 BTC in before and 20,700 BTC out after the crashCrypto trader Willy Woo also commented on yesterday’s Bitcoin plunge. He shared data which says that the plunge was due to the major drop in Bitcoin hash rate in China – the biggest since 2017. He also tweeted that, according to a Glassnode chart, 9,000 Bitcoins were moved to Binance before the crash took place and then 20,700 BTC was withdrawn after the price collapsed, losing almost $10,000 within an hour. He assumed that both transfers may have been done by the same whale. By now, the flagship cryptocurrency has recovered to the $56,928 level.
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