Anderson Mccutcheon · 11 hours ago · 3 min read
Advanced botnet attack caused $1.2bn in Bitcoin longs liquidation on BitMEX
Bitcoin’s price struggle was further exacerbated last week when the coin plunged to $3,700 on BitMEX and caused almost $1.2 billion in long contracts to be liquidated on the platform.
Aftermath of bizarre Bitcoin crash: BitMEX overtaken by FTX and Deribit in Ethereum futures
BitMEX, one of the largest cryptocurrency futures exchanges in terms of daily volume, has fallen behind OKEx, FTX, Deribit, Huobi, and Bybit in Ethereum open interest after the overnight Bitcoin drop to $3,600 on March 12.
Market meltdown destroys BitMEX order book, leaving crypto market prone to volatility
The global markets were subjected to an unparalleled meltdown yesterday that proved to be particularly impactful to the crypto markets, with Bitcoin and many major altcoins posting their largest single-day losses ever.
Is this the best way to prevent the next massive crypto flash crash?
To prevent future crypto market crashes, the managing partner at Multicoin Capital, Tushar Jain, proposed a bold solution—creating an industry-wide alliance of circuit breakers.
FTX CEO: Bitcoin price might have gone to zero if BitMEX hadn’t gone offline
This post was last updated on April 22nd, 2020 at 10:32 pmThe CEO of Hong Kong-based crypto derivatives exchange FTX has speculated that if BitMEX had not gone offline on account of “hardware issues” Friday morning, the price of Bitcoin could have crashed to zero.
BitMEX freezes as XBTUSD crashes 10% below Bitcoin spot price [UPDATED]
This post was last updated on April 6th, 2020 at 01:18 amThe price of Bitcoin dived $400 below the BTC spot price on BitMEX’s Bitcoin perpetual swap contract as the platform reportedly halted trading on account of “system instability.” Traders widely reported experiencing a system crash on BitMEX between 02:16 and 03:00 UTC Friday morning, […]
Bitcoin price plummets to $5,200 in a 1-hour shock crash, liquidating $665 million
The Bitcoin price crashed from $7,400 to $5,200 in just one hour, liquidating a staggering $665 million worth of long contracts.
An abrupt 7% Bitcoin price drop to $8,100s liquidated $185 million of longs on BitMEX
The Bitcoin price declined by seven percent in the last 24 hours, liquidating more than $185 million worth of longs.
Why the Bitcoin price just dropped 4% in a single hour, liquidating $20 million
This post was last updated on March 8th, 2020 at 10:16 pmThe Bitcoin price just dropped by more than four percent within one hour—from $9,224 to $8,851—after 52 hours of ranging with low volatility and volume.
BitMEX introduces a new perpetual swap for XRP; here’s why this is important
This post was last updated on April 6th, 2020 at 01:18 amBitMEX is introducing a new perpetual swap contract for XRP.