đ„ BREAKING: Mass Mistake on Bithumb â Employee Accidentally Sent 2,000 BTC to Users, Tanking BTC Price Locally
A wild crypto market glitch just unfolded on Bithumb, one of South Koreaâs largest exchanges: an employee mistakenly distributed 2,000 BTC instead of the intended rewards during an airdrop event, resulting in hundreds of users unexpectedly receiving massive BTC amounts.
đ„ What Happened:
âą Instead of handing out the planned reward tokens, a Bithumb staffer erroneously sent a total of 2,000 BTC into user accounts â a mega error worth hundreds of millions in value.
âą This accidental supply dump caused Bitcoinâs price on the Bithumb exchange to crash ~10% below the broader market as users dumped it or the order book sloshed with liquidity imbalance.
đ Market Impact:
âą The glitch triggered a temporary price divergence â Bithumbâs BTC price dipped more than wider BTC markets due to the sudden, unintended BTC inflows.
âą Traders on other exchanges saw nothing unusual, highlighting how exchange-specific flows can create wild arbitrage spikes and dumps in thin order books.
đ§ Quick Crypto Lesson:
Glitches like this are not fundamental bearish signals â theyâre execution errors that can create short-term volatility, arbitrage loops, and sharp local pricing moves that donât reflect broader market demand or trend direction.
đŹWhen someone accidentally airdrops 2,000 BTC⊠markets go brrrr đ€Żđ„
Chaos in Korea, calm everywhere else. Remember: markets punish mistakes faster than bears. đđ
#BTC #BithumbGlitch #CryptoChaos
đ Short TL;DR:
â Bithumb employee mis-sent 2,000 BTC during an airdrop. ïżŒ
â Caused local BTC price to drop ~10% on the exchange. ïżŒ
â Wild volatility from error, not market trend change.
$BTC âïž
