Good news not moving the price much. Like CEO of Apple invested in Crypto or Elon Musk selling 20 BN of his stocks for Bitcoin. But one small unconfirmed FUD and we see a massive dump. This market is so shaky.
When the price moves, it tends to leave the order book a bit flat behind it. A well executed FUD dump like this can knock things back down pretty easily.
When did E. Musk say he was putting the billions in BTC?
I don't know if he said that. I know people were suggesting he invest the billions he gets from selling tesla shares into bitcoin.
https://news.bitcoin.com/elon-musk-twitter-poll-decide-sell-20-billion-tesla-stock-investors-buy-bitcoin/A number of people suggested that Musk should use the proceeds from selling his TSLA stock to buy BTC. For example, Microstrategy CEO Michael Saylor suggested: “If the goal is diversification, an alternate strategy to consider is converting the TSLA balance sheet to a Bitcoin Standard and purchasing $25 billion in BTC.