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Flash Bitcoin Collapse on BitMEX Crypto Puts Twitter’s Agenda

Flash Bitcoin Collapse on BitMEX Crypto Puts Twitter’s Agenda

Bitcoin and cryptocurrencies dropped significantly towards the evening today. Bitcoin price in BitMEX fell from $ 10,150 to $ 8,600 in 15 minutes.

TV Chart for BitMEX XBTUSD on 2 June 2020.png

What makes this decline interesting is that the level at which the decline occurred, that is, a decline up to $ 8,600, is $ 700 more compared to exchanges such as Binance, Coinbase, Huobi and OKEx. Regarding the issue, Alex Krüger makes it clear in his tweet:

Binance CEO responds to Alex Krüger’s twee, saying that liquidity will save money.

Crypto journalist / research Zack Voell makes an interesting observation, which indicates that Bitcoin bulls and bears were whipped in BitMEX:

https://twitter.com/zackvoell/status/1267844772254879745

Crypto analyst / trader Josh Rager points out how important it is to issue stop-loss orders in this type of volatility:

Popular technical analyst Cred Bitcoin reveals his thoughts about the latest price action and states how to act at the point of price mobility:

CryptoQuant, a blockchain analytics initiative, says that the price drop today could be caused by Bitcoin whales, which carried cryptocurrencies to Binance and BitMEX a few hours before the decline:

 

At the time of writing, Bitcoin is trading at $ 9,528.

Today’s price drop offers new buying opportunities for Bitcoin hodis. Scott Melker, a crypto trader in Texas West Capital, is humorously handling today’s Bitcoin flash collapse and says, “Last Minute Development: Bitcoin Dumped Levels Never Seen Before Yesterday.”

Samuel Hegi

Samuel Hegi , who first became acquainted with blockchain technology in 2014, is highly critical of blockchain technology. Samuel Hegi, a journalism graduate from the University of Brighton Theblockchainnew.com he is the editor-in-chief of the news portal. Blockchain is love.

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