Auto Added by WPeMatico

Here’s why spot traders should care about BitMEX’s $264M sell liquidations

Bitcoin’s recent price action triggered a cascade of sell liquidations on BitMEX. In fact, a total of $264 million sell orders were liquidated following Bitcoin’s price drop below $11,500. Interestingly, the U.S stock market also suffered a similar fate. However, perhaps the reactions of traders on derivatives exchanges are most important since those reactions influence the price on spot exchanges. Significant liquidations on derivatives exchanges happen in times of high volatility. The last time such an event transpired was back on 12 March, a time when the price of Bitcoin on spot exchanges dropped by over 50%. At the time,…

Continue Reading Here’s why spot traders should care about BitMEX’s $264M sell liquidations

End of content

No more pages to load