Bitcoin is showing a daily decline of almost 1.9% and is now valued at $ 7,942. The depreciation occurred last night. The exact reasons are unknown, but just before the depreciation, an anonymous investor sent more than $ 80 million to Binance. This information has already been confirmed by Whale Alert.
The reason may be the use of course management tactics, which literally translates as “rinsing and repeating.” Its essence lies in the fact that a large investor sells a large amount of digital currency at a price below the market. This leads to panic in the market and the value of the cryptocurrency drops sharply, after which the initiator buys the assets at the most favorable rate and in the end remains in the black. If necessary, the cycle can be repeated as many times as desired.