This mysterious flash-crash happened just after Bitcoin surged to all-time highs following the Bitcoin Futures ETF launch, which created some hype.
The ETF Futures Launch has been a concern to many, especially considering Bitcoin topped out the exact week Wall Street launched futures in 2017. It’s largely known as a tool by them to manipulate prices, similar to what they actively do with Gold, Silver, and other assets.
Some notable crypto exchanges that were affected include Binance, Binance US, Kraken, FTX, and Coinbase. Thousands of users online have reported massive liquidations and stop-loss triggers.