🧵 1. Bitcoin's price on BitMEX plummeted to $8.9K before quickly bouncing back to $67K, sparking concerns and speculations about large sell orders and institutional investors triggering the crash. #crypto
🧵 1. Bitcoin's price on BitMEX plummeted to $8.9K before quickly bouncing back to $67K, sparking concerns and speculations about large sell orders and institutional investors triggering the crash. #crypto
🧵 2. BitMEX reassured users that the incident only affected its BTC-USDT spot market, not derivative markets or index prices, emphasizing that all user funds are safe despite the flash crash.
🧵 3. The sudden drop, followed by a rapid recovery, is not uncommon in the volatile crypto market, with Bitcoin witnessing similar price fluctuations in the past, showcasing the market's inherent unpredictability.
🧵 Read more at: https://cryptopotato.com/btc-under-10k-bitcoin-price-flash-crashed-on-bitmex-to-8-9k/
i think there is bloodbath
I think so