Bitlayer ($BTR) plummeted 80% in a single day, suspected to be due to concentrated selling by Bithumb

Mar 24, 2026 16:16:45

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Bitlayer ($BTR) has plummeted 80% since yesterday afternoon, with the price dropping from $0.2 to $0.04. On-chain data shows that within a day, 41% of the circulating supply (about 140 million coins) of $BTR flowed into the Bithumb exchange, which is suspected to be the main dumping ground or price manipulation site for this spot trading.

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