The insane volatility that occurred just today must make traders very happy!
But why Bitcoin dumped? The short answer - manipulation! Bitcoin is the most manipulated asset in the world someone must have bought it to pump then spread some good news to find liquidity and also made people to go long, and BAM!!!
Twitter is floded with news about this dump some are even asking “what altcoin is this?”
The aggressive pump that happened looked very suspicious I see this happen a lot on pump and dump coins the pump is initiated to make people fomo in just to dump it on them but in case of BTC this is more due to leverage trading - I think a lot of people must have gone long during that pump.