"Bitcoin Volatility Arises Due to TradingView Dominance Data Error"
YM Lee
Summary
- It was reported that some traders sold off due to a Bitcoin dominance data error.
- An error in TradingView caused the dominance to plummet to 0%, leading to a panic dump among traders.
- According to Coinglass data, approximately $33 million worth of long positions were liquidated following the dominance chart error.
Today's correction in Bitcoin (BTC) was reportedly caused by an error in TradingView's dominance data.
According to a report by Cointelegraph on the 26th (local time), an error occurred in the TradingView Bitcoin dominance chart, causing it to plummet to 0%. This led to some traders selling off, resulting in the correction.
Famous trader Satoshi Flipper stated on his X (Twitter), "An error occurred in the TradingView Bitcoin dominance chart today. Did this cause a panic dump among traders?"
According to Coinglass data, approximately $33 million worth of Bitcoin long positions were liquidated within four hours following the TradingView Bitcoin dominance chart error.
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
