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TechFlow news: On March 24, according to on-chain analyst Yu Jin (@EmberCN), Bitlayer ($BTR) plummeted 80% starting yesterday afternoon, with its price falling from $0.2 to $0.04. On-chain data shows that within one day, 41% of the circulating supply (approximately 140 million $BTR tokens) flowed into the Bithumb exchange, suggesting Bithumb may be the primary dumping ground or manipulation hub for this spot market event.
According to on-chain analyst Yujin (@EmberCN), Bitlayer ($BTR) plummeted 80% since yesterday afternoon, dropping from $0.2 to $0.04. On-chain data shows that within one day, 41% of the circulating supply (approximately 140 million $BTR tokens) flowed into the Bithumb exchange, which is suspected to be the primary dumping ground—or price manipulation venue—for this spot market event.
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