Bitcoin Dives Over $500 In 20 Minutes, Liquidating $28M in BitMEX Longs

Good things don’t last forever it seems. After rallying 20% from the lows to tap $10,000, Bitcoin plunged $500 within the span of 20 minutes this hour, falling from ~$9,750 to $9,200 in that short period of time. It was an 8% reversal from the ~$10,000 highs of the Thursday trading session. Few expected such…
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Author: toutiao