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$500m of Liquidated Short Positions: BitMEX Responds To The Futures Auto-Deleveraging Events


Yesterday proved to be one of the most awaited days in the crypto industry. The price of Bitcoin sprang up from 4,200 USD to 5,100 USD. The overall jump was of 900 USD. Soon after this happened the clients who held BitMEX speculative and raised short positions with BitMEX’s XBTU19 futures contract said that many of their positions got “auto-deleveraged.” On the other hand, BitMEX crypto exchange reported that the number of positions that showed such a pattern was low. The volatility could only touch very few of exchange’s clients, BitMEX reported in a press release.

https://www.cryptonewsz.com/500m-usd-of-liquidated-short-positions-bitmex-responds-to-the-futures-auto-deleveraging-events/13996/

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