Bitcoin Investors Unshaken by Sunday’s Flash Crash, Data Suggests

By Omkar Godbole

Bitcoin investors appear to have shrugged off Sunday’s violent price crash, according to one data metric. 

  • In just minutes, prices fell by around $1,400 from over $12,000 to sub-$10,700 levels Sunday.
  • The rapid fall crowded out over $1 billion in bullish leverage from the futures market.
  • Yet, as the cryptocurrency declined, users withdrew more coins from exchanges than they deposited, suggesting holders were not spooked by the big mover lower.

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