Yes, BitMEX Liquidations Caused Bitcoin Price to Crash; Here’s How

Liquidity decline caused by BitMEX’s exchange policy is the main reason behind the latest bitcoin (BTC) price crash, latest analysis suggests.  The bitcoin market bloodbath has continued today, with BTC testing the $7750 support a few hours back. It all began yesterday, with the spread widening on BitMEX and futures contracts getting continuously liquidated. Connecting BitMEX Outflows and BTC Price Yesterday’s downside BTC price move was well anticipated, but the speed with which it occurred … Continue reading Yes, BitMEX Liquidations Caused Bitcoin Price to Crash; Here’s How