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$130 Million Bitcoin Longs Liquidated On BitMEX As Price Slipped Below $10,500

The Bitcoin (BTC) price dip seen on Thursday has triggered a cascade of forced liquidation on derivatives exchanges like BitMEX and Bitfninex. U.S. stocks have also taken a beating, with the markets experiencing its worst performance since June. Bitcoin Long Bloodbath as BTC Price Falls to $10,700 According to data from the crypto derivatives analytics platform Datamish, about $131 million in Bitcoin Longs on the BitMEX exchange got liquidated, following Bitcoin’s plunge to below $10,500. As earlier reported by CryptoPotato, Bitcoin price shed $1500 in 48 hours, with the price of Ethereum and other altcoins also nosediving. Such was the…

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