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$52 Mln Worth of Shorts Liquidated on BitMEX Exchange

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Mon, 26/08/2019 - 6:58
$52 Mln Worth of Shorts Liquidated on BitMEX Exchange
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About $52 mln worth of shorts was burned in a snap on BitMEX, the derivatives exchange that remains the number one destination for risk-taking traders.

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The Twitter bot, which tracks BitMEX liquidations, posted one particularly bad trade that resulted in at least $77,037 being wiped out with 1:100 leverage.

The Bitcoin price suddenly spiked to $10,604, but it failed to keep up its momentum and retraced to the $10,300 level shortly after a huge green candle.

The Bitcoin price, 15-minute chart
Image by Binance
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