$25 Million in BitMEX Longs Wiped Out as Bitcoin Just Crashed Below $9,000

Just days ago, traders were expecting for Bitcoin to break past $10,000. Now, the cryptocurrency is trading at $9,000 flat, plunging as bulls fail to maintain the momentum after nearly eight weeks of gains. While Bitcoin already sustained weakness yesterday, the latest drop lower — which has taken BTC from $9,500 to $9,000 — caught some traders off guard. According to crypto derivatives data tracker Skew.com, approximately $25 million worth of long positions were liquidated […]
Bitcoinist.com

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Author: toutiao