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‘Classic top setup’? Bitcoin price flash crashes on Kraken after all-time high – Cointelegraph

A likely “stop-loss run” triggers a flash crash on Kraken right after Bitcoin reached its all-time high



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Bitcoin (BTC) reached a new all-time high on various exchanges on Nov. 30, but one record, in particular, hit the headlines for a different reason.
Data from cryptocurrency exchange Kraken shows BTC/USD hit its highest ever price on its order book then dove to $16,600 in seconds.
Kraken BTC price dumps $3,000
The reason for the crash, which will have liquidated a large number of positions and caused considerable pain for many a speculator, was likely what is known as a “stop-loss run.”

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