It was all running smooth. And then OKCoin, one of the largest bitcoin exchange started liquidating bitcoin-USD pairs. The result of it reflected across the world, across alt coins including ethereum. OKCoin is a Bitcoin company in China with core product lines of a Bitcoin exchange, and a mobile consumer payment and lending app. OKCoin Exchange China operates CNY/BTC spot pair with margin trading from its Beijing entity, while OKCoin International operates USD/BTC spot pair with margin trading and BTC/USD futures from its Singapore entity.
OKCoin liquidated quarterly, bi-weekly and weekly contracts at various levels, from $3000 till $2500. I am not sure the selling is whole over. They may be waiting for a pull back to trigger the next gun.
OKCoin liquidated quarterly, bi-weekly and weekly contracts at various levels, from $3000 till $2500. I am not sure the selling is whole over. They may be waiting for a pull back to trigger the next gun.
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| Continuous Selling |
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