RE: Bitcoin Hits New-Low Near $6600 As Expected
Well, i think if cftc wants to probe then exiting positions is not a great way to not be caught. They will look at historical trading activity and orders placed to identify manipulation. I do think that they would not be probing futures market and trading on regulated exchanges would be happening as per cftc guidelines so they dont have much to find out, possibly they cant find out a lot.
May have been a case that someone wanted to shake out small buyers and invite amateur shorts or selling out of positions..weekend usually has thin liquidity. There had been a long consolidation phase in the past few days and there may have been buyers wanting to pick btc up at key fib level of 7100 to 7200. I think a lot of people got stopped out. And it could have triggered a sharp decline.
Exit is necessary as confirmation of fraud and manipulation will lead to accounts being frozen on the exchange. These people are finally exiting exchanges, either moving their coins into cold storage or cashing out before authorities traced their activity.
Your balance is below $0.1. This is your 2nd notification that your account is running low and should be replenished.