Bitcoin drops to $8600

Bitcoin’s crash took it from above $9,000 to$8,600.

The collapse of BTC was caused due to a sell order of about $22 million, approximates 2,444 BTC. As it stands, this drop caused liquidations of longs worth$107 million at 16 on BitMEX. Following the same approach every month, to make more money for the exchanges.

But Bitcoin is still following the linear uptrend, but keep in mind that the total marketcap of 250 billion is the main problem. There are not enough people involved to get above the 250 billion.