How Expensive is a Bitcoin Dump?

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Between 8PM and 9PM Eastern Time on October 10, 2018, the market saw a huge drop in Bitcoin price. On Coinbase, it plummeted from $6,500 to just barely above $6,000. This approximately 7% dip recovered fairly quickly, as the price has seemed to stabilize around $6,200 on the exchange.

But this type of market movement has become very common in 2018’s bear market. This movement is characterized by a pretty large market sell (greater than 5% in a single hour — although usually it only takes a few minutes). Needless to say, they’re centralized — i.e., one person or group is initiating the sell. It isn’t a collective movement that just happens to occur together. Throughout September, we’ve seen several of these price movements — some


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