Topic: Bitcoin sudden, massive price changes
Any reasoning behind the sudden price changes
|User / Time||Post|
Feb. 7, 2021, 6:36 p.m. UTC
|Seem like I frequently see bitcoin price shoot up or down by over 5% in less than 1 hour. Anyone know the reasoning behind these massive "step" changes in price? WAs thinking maybe algorithm trading or major players buying/selling huge amount in just a small number of market orders.
March 21, 2021, 11:29 p.m. UTC
|I read an article on Yahoo recently saying something about the number of open orders and coins on exchanges is so small that the price could fluctuate pretty wildly without requiring huge purchases. Unfortunately I can't find the article now and I don't remember the precise numbers mentioned.
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