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$96 Million Worth of Bitcoin (BTC) Just Got Wiped at BitMex

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 Bitcoin (BTC) Just Got Wiped at BitMex
$96 Million Worth of Bitcoin Wiped

$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...