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.

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