On Binance, bitcoin quarterly futures hit a high just shy of $100,000 – $99,964. While sudden moves like these aren’t new, it had been forgotten due to the slow, sideways moving price devoid of volatility.
With over a billion dollars worth of positions liquidated in a minor $1,400 move by Bitcoin, volatility is back. While the move might be over for now, more might be on its way. At press time, bitcoin was trading at $11,300 and had a market cap of $208 billion; but while this drop took place some exchanges, especially Binance went a little haywire.