Analysts are sure that the Bitcoin spike that occurred during the two-hours’ break on Wednesday while BitMEX took its downtime was set up deliberately. During this period, traders were unable to make short deals on BTC. Therefore, the bearish dominance temporarily lifted.
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The opened short contracts were dismissed for the maintenance period. However, experts believe that this was not the real reason for the BTC rally.
They reckon that big-scale players simply manipulated the BTC market, making the price rise, and just took advantage of the BitMEX downtime to make this inorganic movement seem natural.