$40M Bitcoin Auction Next Week May Cause a Bitcoin Flash Crash, Data…

News BTC | Feb 14, 2020 at 10:00 PM
  • The US Marshals Service is preparing to auction around 4,000 of seized BTC (+$40 million).
  • Previous sales have coincided with an aggressive down wick on Bitcoin price charts.
  • Although the flash crash phenomena does not line up with every US Marshals sale of Bitcoin (the agency has auctioned BTC since at least 2014 and made additional sales more recently than documented on the above chart), a few tactically placed buying orders could well yield some rapid returns indeed.