The past week has been an eventful seven-day span for the Bitcoin price action and the general cryptocurrency market. From the flagship cryptocurrency achieving a six-figure valuation to “flash crashing” to under $90,000, investors have gone through various emotions over the past week.
Unsurprisingly, the Bitcoin “flash crash” has been a major source of commentary in the past day, with several pundits providing insights as to how this phenomenon might affect the Bitcoin trajectory. Below are some of the on-chain lessons learned from the sudden price plunge, according to CryptoQuant’s head of research.
What Happened In The BTC Futures Market?
In a new post on the X platform, CryptoQuant’s head of research Julio Moreno weighed in on the flash “crash” of the Bitcoin price to around $88,800 on Thursday, December 5. For context, a flash crash refers to a scenario when the price of an asset abruptly declines but…
