• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Bitcoin Price Makes History By Crossing $126,000: Options Market Forecasts Next Price Targets
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Bitcoin Price Makes History By Crossing $126,000: Options Market Forecasts Next Price Targets
bitmex liquidations bitcoin 2020

BitMEX Liquidations Hit YTD Record as Bitcoin Nosedives

Ricardo Martinez
by Ricardo Martinez
5 years ago
·
Posted in Bitcoin, News, News teaser
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Over 150 million dollars worth of bitcoin long positions were liquidated today on Bitmex, the most seen in 2020 so far. Many of the liquidated positions were highly leveraged longs banking on bullish sentiment surrounding the upcoming BTC halving.


Traders rekt, Arthur Hayes has the last laugh

$150mln+ liquidations on BitMEX today – highest in 2020 pic.twitter.com/WO7aKyNhcI

— skew (@skewdotcom) February 26, 2020

Traders on BitMEX, the largest volume Bitcoin derivatives trading exchange, are feeling the pain and reeling from a huge Bitcoin price dump today. The flagship crypto has fallen from a daily high of $9368 to a low of $8580.

Currently, Bitcoin price has bounced back a little bit, to where it sits now at $8,715 at the time of writing. Bitcoin has broken through a critical support of $8800, and may see further downside price action.

The 150 million dollars which changed hands on BitMEX, represents the largest single day liquidations on the exchange for the entire year. Many suspect whales to be hunting stops to snag easy money from over-leveraged long positions, before continuing the uptrend to $11,000.

If Bitcoin support doesn’t hold, we may test the strong support at $8,000. If price manages to break this threshold, the bullish momentum may be dead in its tracks, and a bearish sentiment may overtake the market prior to the highly anticipated halving event.

Bitcoin has dropped 14% in the last three days, although in the bullish run up to the prior halving we had a couple corrections of more than 40%, to put things in perspective. This means this could be a healthy correction, before heading towards new yearly highs.

Bitcoin in the grip of bearish traders

On higher time frame charts, both the monthly and weekly have flipped bearish, despite a promising golden crossover on the daily. This means this could be more than a simple correction, before another strong bounce to the upside.

Bitcoin’s critical resistance of $8,000 must hold in order for the positive momentum to stay intact, and for a strong bullish bounce to occur. It is unclear if this decline in price is linked to the bearish sentiment towards the macro picture of the global economy overall. The S&P 500 has also been bearish, down $2.1 trillion this week.

Many investors have been expressing concerns over disruption of supply chain and manufacturing in China due to the spread of the coronavirus. Many Chinese manufacturers and companies have been shut for weeks during the quarantines to fight the disease.

They have expressed concerns over meeting payroll, workers have not received wages, or even been able to work at all. There is no real estimate for the negative impact these developments may be having on the world’s economy. Global pandemics are a black swan event that have little historical precedence for investment markets. We may have not even begun to see the real impact, yet.

Do you think bearish sentiment in the traditional economy is having a negative effect on crypto markets? Let us know in the comments!


Images via Shutterstock, Twitter @skewdotcom

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Ricardo Martinez

Ricardo Martinez

Follow

Full Profile

Related Posts

Bitcoin

Bitcoin Meets Rock ‘N Roll: Decoding Michael Saylor’s “Don’t Stop Believin’” Tweet

11 hours ago
Cena Bitcoinu po prepade o 20 000 $ opäť rastie. Aká je predikcia do konca roka 2025?

Cena Bitcoinu po prepade o 20 000 $ opäť rastie. Aká je predikcia do konca roka 2025?

11 hours ago
Обвал крипторынка

Крипторынок умер? Что произошло в выходные

9 hours ago
bitcoin-price-crash-funds-shift-to-layer2-bitcoin-hyper-presale-23m-tw

比特幣價格暴跌引資金轉向Layer 2幣避險:Bitcoin Hyper預售突破2,300萬美元

21 hours ago
binance-stablecoin-crash-live-update-october-13-2025-tw

幣安即時新聞:穩定幣暴跌動態更新(10月13日)

22 hours ago
Bitcoin

Bitcoin Tariff-Driven Market Crash May Not Be The Real Bottom — Analyst

1 day ago
Please login to join discussion

Premium Sponsors

Press Releases

  • Bitcoin Hyper ระดมทุนพุ่ง 23...

    14 hours ago
  • Magacoin Finance: Learn Why Traders are Snapping Up the First and Only MAGA-Themed Cryptocurrency.

    Magacoin Finance: Learn Why Traders are Snapping Up the...

    15 hours ago
  • BNB

    ChatGPT предвижда BNB да достигне $2,500...

    4 days ago
  • Maxi Doge นักสู้เหรียญมีมยืนโพสท่าในสังเวียนมวย

    Binance-Peg DOGE นำโด่ง Top 11...

    5 days ago
  • Find Out Why Whales are Rushing to Buy Bitcoin Hyper’s $22M Presale—Plus, Our $HYPER Price Prediction.

    Find Out Why Whales are Rushing to Buy Bitcoin Hyper’s...

    5 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.