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by cjensen
4326 days ago
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The technical explanations were (1) large sell order causes price depression and (2) ensuing margin calls. Those aren't interesting. The first is expected behavior in any low-liquidity market. The second is expected behavior if foolish investors are involved in low-liquidity markets. In other words, this was expected behavior in the bitcoin markets. Both factors are also seen regularly in traditional stock markets. |
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