Instead, the bizarre wick likely came amid low liquidity for bitcoin against tether on Binance.US. Market depth data shows a $400,000 bitcoin buy on this trading pair can increase prices by 2%, compared to a minimum of $842,000 for the same impact on a bitcoin/USD trade pair.
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- Source: https://www.coindesk.com/markets/2023/06/21/bitcoin-price-spikes-to-138k-on-binanceus/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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