Featured image from iStock, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The Bitcoin price fell from over $30,000 to a new local low of $29,032 in the early morning hours (4:00 am EST) today. The initial 3.5% price drop happened within just 20 minutes. While the sell-off does not seem to have a fundamental reason, two factors are currently coming into focus for the sudden price drop. These are a massive sale of 16,000 BTC worth around $467 million on Binance and the subsequent cascade of liquidations. The Reasons For The Bitcoin Plunge Analyst @52Skew presumably shared the initial trigger for the sudden drop in Bitcoin price via Twitter. The trader revealed that 16,000 Bitcoin were sold off from Binance spot at the market price, while “pretty typical” amounts were sold off on other spot exchanges. “Interesting selloff here,” the analyst remarked in reference to possible activity by whales. He further noted that there were some signals ahead of the selloff, with large spot & market makers selling off the price. He further speculates: Either a new local low here if $29K is held & no FUD is dropped later. However, 16K BTC is unusual size to be market sold solely from Binance spot. Usually this kind of sale happens before bad news comes out. If a nothing burger event; could see an omega short squeeze. Indicators investors should look out for, according to @52Skew, are negative funding “across the board”, open interest, which indicates a large interest in shorts, and an elevated spot buying volume. Related Reading: Sell Bitcoin For $45,000 In May And Go Away If History Is Guide After the huge sell-off, a so-called long squeeze on the futures market occurred. More than $181 million worth of Bitcoin futures were liquidated according to Coinglass data. This marks the highest amount of long liquidations since March 9 and March 23 this year. On March 9, Bitcoin fell from over $21,700 below $20,000 as a result of the long squeeze ($248.8 million), but BTC recovered above $22,000 in just two days. On March 23, as a result of the long squeeze ($183.7 million), Bitcoin fell from $28,300 to just under $27,000, and it took the market only one day to recover the entire loss. Analyst @DaanCrypto states that this dump was necessary, to flush out all over-leveraged long positions in BTC, ETH and other altcoins. “Funding rates seem mostly reset already,” the analyst concludes. Related Reading: Not So Fast: Bitcoin Strength Fails To Breach This Key Bullish Level Micha\u00ebl van de Poppe, founder of Eight Global, agrees. “It’s just a liquidation cascade,” writes the analyst, who further advises: ‘Should you get into #altcoins and positions?’ Well, this drawdown is your chance. Bitcoin corrects, cascade of liquidity being taken on altcoins and deep wicks providing significant opportunities. Nothing major has changed, just a correction. At press time, the Bitcoin price was trading at a key support level, changing hands for $29,166. Featured image from iStock, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":527556,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119],"class_list":["post-527549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc"],"acf":[],"yoast_head":"\n
Why Is Bitcoin Down Today? Binance Whale Games And More<\/title>\n<meta name=\"description\" content=\"The Bitcoin price fell from over $30,000 to a new local low of $29,032 in the early morning hours (4:00 am EST) today. Here's why.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/shenyangcang.com\/news\/why-is-bitcoin-down-today-binance-whale-games-and-more\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Is Bitcoin Down Today? Binance Whale Games And More\" \/>\n<meta property=\"og:description\" content=\"The Bitcoin price fell from over $30,000 to a new local low of $29,032 in the early morning hours (4:00 am EST) today. Here's why.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/shenyangcang.com\/news\/why-is-bitcoin-down-today-binance-whale-games-and-more\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-19T10:50:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T08:55:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/04\/iStock-1403742822.jpg?fit=1254%2C836\" \/>\n\t<meta property=\"og:image:width\" content=\"1254\" \/>\n\t<meta property=\"og:image:height\" content=\"836\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jake Simmons\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/realJakeSimmons\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jake Simmons\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/shenyangcang.com\/news\/why-is-bitcoin-down-today-binance-whale-games-and-more\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/why-is-bitcoin-down-today-binance-whale-games-and-more\/\"},\"author\":{\"name\":\"Jake Simmons\",\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\"},\"headline\":\"Why Is Bitcoin Down Today? Binance Whale Games And More\",\"datePublished\":\"2023-04-19T10:50:41+00:00\",\"dateModified\":\"2024-06-11T08:55:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/why-is-bitcoin-down-today-binance-whale-games-and-more\/\"},\"wordCount\":519,\"publisher\":{\"@id\":\"https:\/\/shenyangcang.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/why-is-bitcoin-down-today-binance-whale-games-and-more\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/04\/iStock-1403742822.jpg?fit=1254%2C836\",\"keywords\":[\"bitcoin\",\"btc\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/shenyangcang.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/shenyangcang.com\/news\/why-is-bitcoin-down-today-binance-whale-games-and-more\/\",\"url\":\"https:\/\/shenyangcang.com\/news\/why-is-bitcoin-down-today-binance-whale-games-and-more\/\",\"name\":\"Why Is Bitcoin Down Today? Binance Whale Games And More\",\"isPartOf\":{\"@id\":\"https:\/\/shenyangcang.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/why-is-bitcoin-down-today-binance-whale-games-and-more\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/why-is-bitcoin-down-today-binance-whale-games-and-more\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/04\/iStock-1403742822.jpg?fit=1254%2C836\",\"datePublished\":\"2023-04-19T10:50:41+00:00\",\"dateModified\":\"2024-06-11T08:55:19+00:00\",\"description\":\"The Bitcoin price fell from over $30,000 to a new local low of $29,032 in the early morning hours (4:00 am EST) today. Here's why.\",\"breadcrumb\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/why-is-bitcoin-down-today-binance-whale-games-and-more\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/shenyangcang.com\/news\/why-is-bitcoin-down-today-binance-whale-games-and-more\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/shenyangcang.com\/news\/why-is-bitcoin-down-today-binance-whale-games-and-more\/#primaryimage\",\"url\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/04\/iStock-1403742822.jpg?fit=1254%2C836\",\"contentUrl\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/04\/iStock-1403742822.jpg?fit=1254%2C836\",\"width\":1254,\"height\":836,\"caption\":\"Bitcoin price\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/shenyangcang.com\/news\/why-is-bitcoin-down-today-binance-whale-games-and-more\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/shenyangcang.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Why Is Bitcoin Down Today? Binance Whale Games And More\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/shenyangcang.com\/#website\",\"url\":\"https:\/\/shenyangcang.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/shenyangcang.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/shenyangcang.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/shenyangcang.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/shenyangcang.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\",\"name\":\"Jake Simmons\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"caption\":\"Jake Simmons\"},\"description\":\"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with shenyangcang.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons\"],\"url\":\"https:\/\/shenyangcang.com\/author\/marcusmisiak\/\"}]}<\/script>\n","yoast_head_json":{"title":"Why Is Bitcoin Down Today? Binance Whale Games And More","description":"The Bitcoin price fell from over $30,000 to a new local low of $29,032 in the early morning hours (4:00 am EST) today. Here's why.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/shenyangcang.com\/news\/why-is-bitcoin-down-today-binance-whale-games-and-more\/","og_locale":"en_US","og_type":"article","og_title":"Why Is Bitcoin Down Today? Binance Whale Games And More","og_description":"The Bitcoin price fell from over $30,000 to a new local low of $29,032 in the early morning hours (4:00 am EST) today. Here's why.","og_url":"https:\/\/shenyangcang.com\/news\/why-is-bitcoin-down-today-binance-whale-games-and-more\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-04-19T10:50:41+00:00","article_modified_time":"2024-06-11T08:55:19+00:00","og_image":[{"width":1254,"height":836,"url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/04\/iStock-1403742822.jpg?fit=1254%2C836","type":"image\/jpeg"}],"author":"Jake Simmons","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/realJakeSimmons","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Jake Simmons","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/shenyangcang.com\/news\/why-is-bitcoin-down-today-binance-whale-games-and-more\/#article","isPartOf":{"@id":"https:\/\/shenyangcang.com\/news\/why-is-bitcoin-down-today-binance-whale-games-and-more\/"},"author":{"name":"Jake Simmons","@id":"https:\/\/shenyangcang.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028"},"headline":"Why Is Bitcoin Down Today? Binance Whale Games And More","datePublished":"2023-04-19T10:50:41+00:00","dateModified":"2024-06-11T08:55:19+00:00","mainEntityOfPage":{"@id":"https:\/\/shenyangcang.com\/news\/why-is-bitcoin-down-today-binance-whale-games-and-more\/"},"wordCount":519,"publisher":{"@id":"https:\/\/shenyangcang.com\/#organization"},"image":{"@id":"https:\/\/shenyangcang.com\/news\/why-is-bitcoin-down-today-binance-whale-games-and-more\/#primaryimage"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/04\/iStock-1403742822.jpg?fit=1254%2C836","keywords":["bitcoin","btc"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/shenyangcang.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/shenyangcang.com\/news\/why-is-bitcoin-down-today-binance-whale-games-and-more\/","url":"https:\/\/shenyangcang.com\/news\/why-is-bitcoin-down-today-binance-whale-games-and-more\/","name":"Why Is Bitcoin Down Today? Binance Whale Games And More","isPartOf":{"@id":"https:\/\/shenyangcang.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/shenyangcang.com\/news\/why-is-bitcoin-down-today-binance-whale-games-and-more\/#primaryimage"},"image":{"@id":"https:\/\/shenyangcang.com\/news\/why-is-bitcoin-down-today-binance-whale-games-and-more\/#primaryimage"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/04\/iStock-1403742822.jpg?fit=1254%2C836","datePublished":"2023-04-19T10:50:41+00:00","dateModified":"2024-06-11T08:55:19+00:00","description":"The Bitcoin price fell from over $30,000 to a new local low of $29,032 in the early morning hours (4:00 am EST) today. Here's why.","breadcrumb":{"@id":"https:\/\/shenyangcang.com\/news\/why-is-bitcoin-down-today-binance-whale-games-and-more\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/shenyangcang.com\/news\/why-is-bitcoin-down-today-binance-whale-games-and-more\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/shenyangcang.com\/news\/why-is-bitcoin-down-today-binance-whale-games-and-more\/#primaryimage","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/04\/iStock-1403742822.jpg?fit=1254%2C836","contentUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/04\/iStock-1403742822.jpg?fit=1254%2C836","width":1254,"height":836,"caption":"Bitcoin price"},{"@type":"BreadcrumbList","@id":"https:\/\/shenyangcang.com\/news\/why-is-bitcoin-down-today-binance-whale-games-and-more\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/shenyangcang.com\/"},{"@type":"ListItem","position":2,"name":"Why Is Bitcoin Down Today? Binance Whale Games And More"}]},{"@type":"WebSite","@id":"https:\/\/shenyangcang.com\/#website","url":"https:\/\/shenyangcang.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/shenyangcang.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/shenyangcang.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/shenyangcang.com\/#organization","name":"NewsBTC","url":"https:\/\/shenyangcang.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/shenyangcang.com\/#\/schema\/logo\/image\/","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/shenyangcang.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/shenyangcang.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028","name":"Jake Simmons","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/shenyangcang.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","caption":"Jake Simmons"},"description":"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with shenyangcang.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/shenyangcang.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Why Is Bitcoin Down Today? Binance Whale Games And More","url":"http:\/\/shenyangcang.com\/news\/why-is-bitcoin-down-today-binance-whale-games-and-more\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/shenyangcang.com\/news\/why-is-bitcoin-down-today-binance-whale-games-and-more\/"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/04\/iStock-1403742822.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/04\/iStock-1403742822.jpg?fit=1254%2C836"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc"],"dateCreated":"2023-04-19T10:50:41Z","datePublished":"2023-04-19T10:50:41Z","dateModified":"2024-06-11T08:55:19Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Why Is Bitcoin Down Today? Binance Whale Games And More\",\"url\":\"http:\\\/\\\/shenyangcang.com\\\/news\\\/why-is-bitcoin-down-today-binance-whale-games-and-more\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/shenyangcang.com\\\/news\\\/why-is-bitcoin-down-today-binance-whale-games-and-more\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/iStock-1403742822.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/iStock-1403742822.jpg?fit=1254%2C836\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\"],\"dateCreated\":\"2023-04-19T10:50:41Z\",\"datePublished\":\"2023-04-19T10:50:41Z\",\"dateModified\":\"2024-06-11T08:55:19Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/shenyangcang.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/04\/iStock-1403742822.jpg?fit=1254%2C836","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/527549"}],"collection":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/users\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/comments?post=527549"}],"version-history":[{"count":0,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/527549\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media\/527556"}],"wp:attachment":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media?parent=527549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/categories?post=527549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/tags?post=527549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Bitcoin](\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/04\/FuEKFqeaEAEjD6c.png?resize=2554%2C1329\")
![\"Bitcoin](\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/04\/bybt_chart.png?resize=1370%2C500\")
![\"Bitcoin](\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/04\/BTCUSD_2023-04-19_12-38-32.png?resize=3625%2C1672\")