{"id":414708,"date":"2020-02-14T22:00:08","date_gmt":"2020-02-14T22:00:08","guid":{"rendered":"https:\/\/wncen.com\/?p=414708"},"modified":"2024-06-11T13:41:59","modified_gmt":"2024-06-11T13:41:59","slug":"40m-bitcoin-auction-next-week-may-cause-a-bitcoin-flash-crash-data-shows","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/40m-bitcoin-auction-next-week-may-cause-a-bitcoin-flash-crash-data-shows\/","title":{"rendered":"$40M Bitcoin Auction Next Week May Cause a Bitcoin Flash Crash, Data Shows"},"content":{"rendered":"
The US Marshals Service<\/a> 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.<\/p>\n The sale will take place on February 18. There may, therefore, be an opportunity coming up to get exposure to Bitcoin cheap next week, even if you didn’t register to take part in the auction itself.<\/p>\n Highlighting the sudden market crashes coinciding with the US Marshals’s prior auctions is Twitter<\/a> user Trade or Die (@TradeorDie31). On the below chart, they demonstrate three other instances that saw a violent down wick.<\/p>\n The first two are January 11 and January 22. <\/a>\u00a0The government agency auctioned more than 3,813 Bitcoin in a sale that took place across the two dates.<\/p>\n The next is March 19 2018. On this occasion, the US Marshals auctioned 2,170 Bitcoin.<\/p>\n US Auction 4000 #BTC<\/a> On Feb 18th, 2020. Every time the US has come out with an auction, they've got the market to wick down and slam it up a few 100 Points. Gear up for the dips, it's just an opportunity to buy. Idea Generator : @SalsaTekila<\/a> Mark the date pic.twitter.com\/00rIHBbbIi<\/a><\/p>\n — Trade or Die (@TradeorDie31) February 12, 2020<\/a><\/p><\/blockquote>\nWill US Marshals Auction Prompt Another Bitcoin Dump?<\/h2>\n
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