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24 November 2020

Did Someone Really Just Pay $82,000 for a Single Bitcoin? - Decrypt

Did Someone Really Just Pay $82,000 for a Single Bitcoin? - Decrypt


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It's hard to know for sure, but considering therelativelylow trading volume during the period of time compared to the absurd price spike to $82,000—and the fact that Crypto Twitter didn't go bananas—everything seems to point to some kind of error.

A "human error" by a trader would most likely have activated a row of market orders before touching the $82,000 price mark.

It would have taken an enormous amount of money changing hands to organically reach that price, practically depleting the trading pair's liquidity.

For now, it’s best not to pull a McAfee and bet any of your body parts on Bitcoin touching that price mark again any time soon.

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