Massive Settlement on Centralized Platform.
Report: An individual settlement of an extremely large position (a "whale dump") occurred around 2:00 AM. It is estimated that a single account sold more than 500 million in BTC and ETH to cover losses in other markets.
Strange Behavior: This event created a temporary flash crash in the prices of Bitcoin and Ethereum, causing panic and chain Stop Loss executions, although the price partially recovered later.
