This website is for sale! Contact us for more info.

BTC Price Dumps Under $8,400 on CME But Not on Other Exchanges

1

Bitcoin has a tendency to fill the gaps, especially on CME and that is what just happened minutes ago. The gap on CME was filled with the price going down from $9,300 to under $8,400. A $1,000 candle that did not affect other exchanges where the price was stable near $9,300. After the move down the price returned at the previous levels above $9,200.


Crypto analyst Willy Woo thinks that price action on other exchanges is suspicious more than usual. Because the price action did not hit other exchanges like Bimex, Binance, Bitfinex, Bitstamp, etc.


It is unclear how this move will play on the charts in the next hours while many think that now the path for the upside is clear after the CME gap filled.

On the other side, many think that this filled gap might be a front run of big players to the downside, and of course, getting rekt bulls on CME.

While the dump to fill the CME gap may change the sentiments, the Crypto Fear & Greed Index is neutral.

At the time of writing bitcoin price is $9,285 according to coinmarketcap.com

Share.

About Author

Ethan Hunt

Bitcoin Maximalist and Toxic to our banking and monetary system. Separation of money and state is necessary just like the separation of religion and state in the past.

Disclaimer: All content found on 7bitcoins.com is only for informational purposes and should not be considered as financial advice. Do your own research before making any investment. Use information at your own risk.

1 Comment

  1. Avatar

    My God, let’s turn everything into a conspiracy. It was traded…it’s not like Deribit making a bad print and screwing half the traders on their exchange…BOYCOTT DERIBIT1

Leave A Reply