According to on-chain analyst Ember (@EmberCN), Bitlayer ($BTR) plunged 80% since yesterday afternoon, dropping from $0.2 to $0.04. On-chain data shows that 41% of the circulating supply (approximately 140 million tokens) of $BTR entered the Bithumb exchange within a single day, suggesting Bithumb may be the primary destination for spot selling or price manipulation.
Bitlayer ($BTR) Drops 80% in One Day, Suspected Large-Scale Sell-Off on Bithumb
TechFlowShare
Summary
On-chain analysis shows that Bitlayer ($BTR) dropped 80% in 24 hours, from $0.20 to $0.04. On-chain data reveals that 140 million $BTR tokens—41% of the circulating supply—were deposited into Bithumb during the same period. Analysts suspect a large-scale sell-off or dumping event.
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