Another effort by Bitcoin [BTC] bulls to surpass $12,000 gets rejected with a flash drop to lows at $11,500. According to Datamish, the move liquidated $30 million in Bitcoin longs. Nevertheless, the market is witnessing a quick reversal to $11,950 looking to break resistance around $12,000. The trader sentiments are bullish despite the drop. It
![Bitcoin [BTC] Flash Drop Adds Another $500 Million to Tether [USDT] Supply](https://images.cryptocompare.com/news/coingape/cbb49h01040.jpeg "Bitcoin [BTC] Flash Drop Adds Another $500 Million to Tether [USDT] Supply")
