January 4, Bitcoin price dropped a circuit of $ 6,000 to $ 27,700 to fill the huge gap with futures. This recorded the strongest drop since BTC held above the $ 20,000 threshold. The price of the BTC / USD pair fell over 12% in just one hour today January 4. Bitcoin once touched below $ 28,000, forming a "scary" candlestick before rising back to nearly $ 30,000.
With this dump, the crypto community commented enthusiastically:
"North America just woke up with the biggest BTC drop since the price crossed the $ 20,000 threshold."
Or like:
“20% off from the peak…. I'm still not used to the fact that $ 28,000 is 20% off. "
In fact, this drop is understandable. Since there was a gap in price with the CME Bitcoin futures contracts over the weekend, the BTC price had to adjust to fill this CME Gap before it could rise again.
