#cryptonwes #BTC Cryptocurrency markets experienced a strong jolt on Sunday evening after the value of Bitcoin unexpectedly plummeted, following a massive sell-off executed by one of the whales amounting to about 24,000 Bitcoin, which led to erasing the gains achieved after the speech of the Chairman of the U.S. Federal Reserve, Jerome Powell.
🐋 Whale sell shakes the market
The sudden sell-off exerted tremendous pressure on the market, as liquidity decreased and sell orders increased, leading to a rapid price drop and triggering panic among individual traders. This incident exemplifies the extent of the impact that major Bitcoin holders have on market movement.