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$100 Million Wiped From BitMEX as Bitcoin Dives $1,500 in Three Minutes



Just over 12 hours after Bitcoin crossed $10,000 for the first time in weeks, the cryptocurrency dove off a proverbial cliff.
Approximately twenty minutes ago, the crypto was hit with a barrage of sell orders that took the asset as low as $8,600 on BitMEX (seen below). On spot exchanges and some other derivatives exchanges, the cryptocurrency held the low-$9,000s.
BitMEX’s Bitcoin price chart from
On BitMEX, the asset dove more than $1,500 in three minutes in a massive move that liquidated many market participants.
Data from crypto derivatives platform shows that approximately $96 million worth ...

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