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BitMEX witnesses $225 million in long liquidations as BTC plunges to $6,400 During Bitcoin's sell-off this morning, crypto exchange BitMEX saw a single liquidation of $104 million as price crashed down from its recent $8,400 high to around $6,400 Bitcoin crashed to a low of $6,380 on BitMEX this morning as the original cryptocurrency lost over $10 billion in market cap during a period of flash liquidations on the exchange. BitMEX’s price index is formed using a 50:50 split of the Bitstamp and Coinbase Pro BTC/USD markets. The sell-off seems to have been triggered due to a massive amount of BTC being sold all at once on the crypto exchange Bitstamp. Bitcoin was trading comfortably above $7,800 before the sale of 3,600 BTC (worth around $28 million) wiped just over $1,500 off the price of the decentralised asset to trade at a low of $6,175. https://coinrivet.com/bitmex-witnesses-225-million-in-long-liquidations-as-btc-plunges-to-6400/
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