Tag Archives: Bitmex

Recently, it was reported that the bitcoin price briefly rose above $10K, only to lose about $600 just a few moments later. It appears this move has had monster-sized effect on BitMEX, a trading exchange based in Seychelles in Africa.BitMEX Sees Heavy Buy Liquidations Following the BTC SpikeThis move ultimately caused approximately $133 million of buy liquidations on the trading platform. This is the highest number since October of last year. Buy liquidations occur when those taking part in a...

Following yesterday’s sudden, short-term bitcoin spike, Coinbase – one of the largest and most popular crypto exchanges in the United States – experienced an outage that prevented customers from taking advantage of the volatility.Coinbase Experiences Another Outage, and People Aren’t Too HappyThis seems to be a pattern with the trading platform as of late. Every time bitcoin spikes to $10K or experiences solid jumps very quickly, the exchange seems to stop working. The last time this occurred...

Aggregated information from the most popular cryptocurrency exchanges reveals that roughly $449 million worth of BTC was liquidated during yesterday’s price crash. Bitcoin reached as low as $8,600 on BitMEX.$449 Million LiquidatedData from the volume monitoring resource Bybt reveals that roughly around $449 million (at the time of this writing) worth of Bitcoin was liquidated during yesterday’s price crash. This happened in the past 24 hours, and it doesn’t account for the short positions...

The celebration of Bitcoin bulls for bringing the price above $10,000 was nothing but shortlived as the leading cryptocurrency collapsed to $8,500 in less than five minutes.Bitcoin Nosedives to $8,600 on BitMEXThose who have been involved in the cryptocurrency field long enough probably know that there’s rarely a dull day with Bitcoin.In today’s early hours, the leading cryptocurrency broke the coveted $10,000 level to reach as high as $10,500, shattering essential resistance levels on the...

Bitcoin investors have been transferring their assets outside of specific exchanges lately, new data shows. Ultimately, the BTC balance on platforms has reached its lowest point in over a year by decreasing with more than 320,000 coins since Black Thursday.Bitcoin HODLers Mentality On The RiseDuring the notorious Black Thursday event in March, when most cryptocurrency assets lost substantial portions of their value, investors – especially short-term holders – transferred sizeable shares of...

The veteran Bitcoin margin trading exchange BitMEX went down for over an hour a few days ago. While the community speculated on several plausible reasons, BitMEX published a post today explaining what happened, how they can prevent similar occurrences in the future, and assuring that all customer funds are safe.Why BitMEX Went DownThe platform “experienced unscheduled downtime” on May 19th between 12:00 UTC and 13:40 UTC. In the blog post from earlier today, BitMEX explained that it was “a...

Crypto exchange BitMEX has suffered an outage this week, and many people are pointing the finger and accusing it of being a “rotten” trading platform.BitMEX Is Having a Tough TimeBased in Seychelles in Africa, the exchange specializes in bitcoin derivatives and has often been labeled a “bitcoin casino” over the years. The crypto trading platform experienced an outage earlier this week that isn’t sitting well with a lot of bitcoin fans, who say that the company is not reliable, and that any...

In an attempt to provide more accurate information regarding cryptocurrency exchanges, the popular data tracking website CoinMarketCap has launched exchange ranking by web traffic.Interestingly, Binance, the company which recently bought CMC, is currently occupying the first spot with a perfect score.CMC Evaluates Exchanges By Web TrafficFake volumes from cryptocurrency exchanges have been a reasonably bothersome topic within the community. CoinMarketCap has been implicated previously in...

According to a new study, the total trading volume of cryptocurrency derivatives has increased dramatically by over 300%.At the same time, BitMEX’s leadership position in the field has been challenged by Huobi, OKEx, and Binance.Derivatives On The RiseAnd amid the most apprehensive days of uncertainty prompted by the eventual aftermath of the COVID-19, the cryptocurrency market went through a substantial losses. Most assets plunged by as much as 50% in mid-March.During these times of hyper...

BitMEX announced Tuesday on its blog that it will restrict Japanese residents from signing up for the platform starting on April 30 and ban the usage of the platform starting May 1 for existing Japanese residents.According to a BitMEX announcement, existing Japanese residents will not be able to place orders that would open a new position or increase an existing open position.Open positions will otherwise not be affected and will continue in accordance with the terms of the relevant...