Bitcoin (BTC) just dropped below $10,000.
And the sucker punch has smashed through BTC bulls’ optimism, causing a $96 million hole in investors’ pockets all thanks to BitMex’s liquidation.
$96 million worth of BTC Liquidated at BitMex
In a record 5 minutes, safe the flash crash that we saw recently in XRP at BitMex, the price of the world’s most valuable coin sunk by $350 to $9,700. Prices have since steadied below $10,000, and it could be hinting of what’s coming.
According to Skew, an analytics platform, the sharp drop in prices saw a $96 million liquidation.
That’s $4 million shy off the $100 million mark and reveals how skewed the market has been over the past few days. Read More...