Hi HODLers, Hiveans and Lions,
If you have been there for a few cycles, you know that a few things happen during #crypto Bull markets.
Things like #coinbase app crashing, #meme or scammy projects advertising to the outside world (London Buses and metro or Las Vegas Sphere!) and very shady Bitmex flash crashes!
I think we are currently scoring a 3 out of 3!
Bitmex Flash Crash
Large sell orders worth $55.49 million drove bitcoin’s price down to $8,900 on BitMEX. The overnight crash was short-lived.
Someone sold over 850 BTC ($55.49 million), driving the XBT/USDT spot pair down to $8,900!!!
Bitmex released a very weak statement:
“We launched an investigation as soon as we saw unusual activity on our BTC-USDT Spot Market. All of our systems were operating as normal, but we identified aggressive selling behavior involving a very small number of accounts widely beyond expected market ranges. We can’t comment on any specific behavior of a user or actions taken, and we continue to investigate,”
And mentionned that "Funds are Safe!". Almost trolling
Stay safe out there,
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At least the funds are safe... Congrats Bitmex!