Bitcoin Touches $50,000 on OKX – Trustnodes - BitcoinEthereumNews.com
Bitcoin spikes to $50,000 on OKX, March 2022 Rather than some sort of blip or fat finger with one long candle in a fakeout, here we have a green cascade. Some bot maybe has malfunctioned to become extra bullish, giving us six green candles in six beautiful minutes. Whats more, suspense is held for an entire nine minutes with this in the future contract standing at a $7,000 premium. Once trading begins again, price goes up! And then it‘s all over in two minutes as it returns to its normal premium of about $400 because this is the June futures, and so tend to have such premium when they’re this far out. What‘s caused this, isn’t clear, but this is of course not the first time price has gone out of whack, though it is the first time it does so this ‘season.’ In many exchanges, including Coinbase, price has gone down to penies and up way above market price. It doesnt necessarily mean anything, but it does clear the order book in a certain direction and the actual price sometime follows the bull or bear bot as it may be. It also may be an indication of sentiment. There‘s clearly some excitement in the air as that’s