Bitcoin: Will ‘flash crashes’ impact BTC negatively?

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There were several instances of abrupt declines in BTC values across Centralized Exchanges. How will BTC be impacted by this?

Sentiment around BTC declined, but price remained stable.However, the tides could change soon against BTC’s favor, primarily due to the mishaps occurring on Centralized Exchanges .More specifically, the sentiment around BTC could be impacted negatively due to flash crashes occurring on CEXes.

Numerous large sell orders, ranging from 10 to 20 BTC, were executed, including one exceptionally large order of 100 BTC, approximately valued at $6.6 million.

 

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