Bitcoin is back to its former volatility. Bitcoin, which rose to $ 56500 last night on the largest volume exchange, Binance, fell to $ 54,000 in a short time with a sharp selling wave.
This wave of sales had a greater impact on smaller exchanges in volume.
On the Bitstamp exchange, one of the oldest Bitcoin exchanges, the price fell to $51,000 in 1 minute and recovered again. There was a 5.5% difference between the bottom price of the Bitstamp exchange and other exchanges.
It is considered that the decrease in Bitstamp may be due to the gap in the receiver stages.
When we look at the volume formed in the 1-minute candle during the decline, we see that there is a volume of 212 BTC.
Considering that the buyers coming in at $51,000 also had an impact on this volume, it seems unreasonable for the price to drop by 8.5% with such a small sale.
There was no statement on the subject on the Bitstamp exchange.
Bitcoin has made a good start to the week, climbing back above $56,000.