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- it is important to determine whether professional traders took advantage of the price drop.
- many traders were expecting a breakout in volatility that would push the price higher
- The price of Bitcoin fell 11.5% between August 16 and 18
- leading to the liquidation of $900 million in long positions and sending the price to its lowest level in two months . Prior to the decline
- but that was obviously not the case. With large liquidations