Bitcoin

Flash

<ul class="news-points"> 
 <li><strong>A BitMEX user has been involved in a massive sale of more than 400 Bitcoins.</strong></li> 
 <li><strong>The massive sale resulted in a BTC flash crash on BitMEX, where it reached $8,900.</strong></li> 
 <li><strong>BitMEX asserted that the exchange has initiated a probe into the matter and assured that the customer funds are safe.</strong></li> 
</ul> 
<p>According to recent reports, a BitMEX user sold more than 400 Bitcoins on the exchange, resulting in the fall of BTC price on BitMEX to a severe low of $8,900. In a recent X post, Chinese crypto journalist Colin Wu shared insights on the mysterious BTC sale and its aftereffects.</p> 
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   <p lang="en" dir="ltr">A user sold more than 400 BTC on the BitMEX exchange, causing the price of BTC in BitMEX to fall to $8,900, it has now returned to normal, according to <a href="https://twitter.com/blckchaindaily?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@blckchaindaily</a>. BitMEX responded that it is investigating unusual activity involving user selling large orders in the BTC-USDT…</p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1769926754121232554?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">March 19, 2024</a>
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<p>The user could be called a “rogue seller” as they have been<a href="https://x.com/blckchaindaily/status/1769927189837881715?s=20" target="_blank" rel="nofollow"> involved in a sudden</a>, massive sale. Usually, a rogue seller is a person who is engaged in an unexpected sale of a large amount of assets without even being bothered about price impact. The BitMEX Bitcoin seller could be c…</p>
<p>The post <a href="https://coinedition.com/bitcoin-flash-crashes-to-8900-on-bitmex-after-user-dumps-400-btc/">Bitcoin Flash Crashes to $8,900 on BitMEX After User Dumps 400+ BTC</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Bitcoin Flash Crashes to $8,900 on BitMEX After User Dumps 400+ BTC

Coin Edition

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