BGB price fluctuates violently: after a 50% plunge in 15 minutes, it quickly rebounded, and BITGET took all the losses
The recent trend of BGB is really jaw-dropping
In just 15 minutes, the price of BGB plunged 50%, and then quickly rebounded, recovering most of the lost ground
According to analysis, this plunge is likely to be caused by a big investor.
This big investor sold a large number of BGB coins in a short period of time, causing the price to fall rapidly.
Due to the relatively poor liquidity of BGB coins, this wave of selling quickly triggered a chain reaction, so that those who hold BGB and use it as collateral also face continuous liquidation pressure.
This stampede effect exacerbated the price drop, causing the price of BGB to plummet by 50% in a short period of time.
Just when the market thought that BGB coins would be unable to recover, the price reversed dramatically. In just 15 minutes, the price of BGB quickly pulled back most of the lost ground and recovered the decline
This wave of rebound makes people marvel at the unpredictable market.
According to the BITGET platform announcement, the losses of BGB coins will be borne entirely by the platform, and those who make profits do not need to return them.
Looking back at the whole incident, the sharp fluctuations in the price of BGB coins are not only caused by the dumping of large investors, but are also closely related to the lack of liquidity of BGB coins.
Those who have copied the bottom of BGB this time will make a lot of money! ! Did any brothers copy it?
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