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Cryptopolitan 2019-11-21 20:05:43

Bitcoin: $180M worth of Bitcoin longs liquidated on BitMEX as price stumbles

BitMEX saw an incredible amount of Bitcoin longs being liquidated as the price fell to 7,350 dollars. BitMEX sees $180M worth of Bitcoin longs liquidated Nearly 180 million dollars worth of longs were liquidated on BitMEX exchange. The exchange is one of the most popular derivatives exchange with one of the highest trade volume average. As the price of Bitcoin plunged, spot exchanges saw a drop to 7,500 dollars while BitMEX saw the price drop to 7,350 dollars. The average leverage ratio was 25 times, which would result in a collective loss of nearly 6.5 million dollars. A few days

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