Flash Crash Maths: every real $1 removed from BTC market removed at least $2100 of “market cap”
by future_greedy_boss Rough numbers because can’t be arsed: ~$35MM sell-off on one exchange knocks ~$4,000 off BTC price on all exchanges (as of this writing, ~64,500 went to ~60,500). ~19M BTC issued x $4K is about 75 BILLION knocked out …