Wow! BitMEX Exchange Stabs Bitcoin Spot Price at $8,900 This Morning
Wow! BitMEX Exchange Stabs Bitcoin Spot Price at $8,900 This Morning
Wow! BitMEX Exchange Stabs Bitcoin Spot Price at $8,900 This Morning

The “XBT (Bitcoin)/USDT” spot trading pair on the BitMEX exchange experienced a sharp drop to $8,900 this morning. According to the community, this phenomenon was caused by the lack of liquidity depth in the spot market of the BitMEX exchange, combined with users selling over 400 Bitcoin spot contracts on the exchange, which led to a temporary drop in the Bitcoin price to $8,900.

Policies
Are Stablecoins Primarily Used for Money Laundering? Blockchain Analysis Firm Reports 99% of Stablecoin Transactions Will Be for Legitimate Purposes in 2024.
2 weeks ago
0 13

Are Stablecoins Primarily Used for Money Laundering? Blockchain Analysis Firm Reports 99% of Stablecoin Transactions Will Be for Legitimate Purposes in 2024.

Policies
VanEck's Proposed Solana Spot ETF Listed on DTCC Under Code VSOL
2 weeks ago
0 13

VanEck’s Proposed Solana Spot ETF Listed on DTCC Under Code VSOL

Policies
Should We Add or Reduce Positions? ETH Whale Goes Against the Trend with $200 Million Increase, BTC Bulls Forced to Stop Losses After Two Consecutive Pullbacks
2 weeks ago
0 13

Should We Add or Reduce Positions? ETH Whale Goes Against the Trend with $200 Million Increase, BTC Bulls Forced to Stop Losses After Two Consecutive Pullbacks

Policies
JPMorgan to Test Dollar Deposit Token JPMD via Ethereum Layer 2 Network Base
2 weeks ago
0 14

JPMorgan to Test Dollar Deposit Token JPMD via Ethereum Layer 2 Network Base

Policies
The People's Bank of China to Establish an International Operation Center for Digital Currency, Governor Discusses the Impact of Stablecoins on Cross-Border Payments
2 weeks ago
0 93

The People’s Bank of China to Establish an International Operation Center for Digital Currency, Governor Discusses the Impact of Stablecoins on Cross-Border Payments

Policies
Glassnode: Bitcoin Buyers Holding for Less Than a Year Become Major Source of Selling Pressure, While Long-Term Holders Opt to Stand By
3 weeks ago
0 16

Glassnode: Bitcoin Buyers Holding for Less Than a Year Become Major Source of Selling Pressure, While Long-Term Holders Opt to Stand By

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Are Stablecoins Primarily Used for Money Laundering? Blockchain Analysis Firm Reports 99% of Stablecoin Transactions Will Be for Legitimate Purposes in 2024.

Table of Contents Toggle Stablecoin Usage Becomes Increasingly Compliant TRM …