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Bitcoin (BTC) Crash Triggers $600 Million BitMex Liquidations

Published 09/26/2019, 07:57 AM
Updated 09/26/2019, 09:01 AM
© Reuters.   Bitcoin (BTC) Crash Triggers $600 Million BitMex Liquidations

BitMex, known for its sudden liquidations, saw a historic high in closed trades, wiping out $600 million of Bitcoin (BTC) positions. Other estimations see the sum between $500 and $700 million.

https://twitter.com/lawmaster/status/1176574787470155777

The absolute peak, exceeding an earlier trading anomaly due to misreported BitStamp prices, is the biggest in the history of BTC trading. The effect of BitMex is pronounced in times of volatility.

https://twitter.com/iamjosephyoung/status/1129998638640488448

The sharp drop in prices caused a cascade of ...

This article appeared first on Cryptovest

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