Market Makers ripped BTC down to $100K (Patreon)

As they do, market makers jump on news and exacerbate it - Reports suggest that if Iran closes the Strait of Hormuz, 11% of global seaborne trade and 39% of global seaborne crude oil trade would stop. Market makers slashed prices by over $2,000 in minutes, dropping to $100,300, wiping out leveraged long positions at 50x.