Late Monday, Bitcoin (BTC) witnessed a sudden and significant plunge on BitMEX, plummeting to as low as $8,900 within a matter of minutes.
Since the flash crash, BitMEX has announced via social media that it is currently investigating the substantial sell orders.
Bitcoin’s Flash Crash on BitMEX
According to data from the charting platform TradingView, the flash crash started at 22:40 UTC, with prices plummeting to $8,900 in just two minutes, marking the lowest level since early 2020. However, the recovery was equally rapid, with prices bouncing back to $67,000 by 22:50 UTC. Meanwhile, throughout this period on BitMEX, Bitcoin’s global average price remained stable at around $67,400.
Following the incident, BitMEX, one of the leading cryptocurrency derivatives exchanges, issued a statement on X acknowledging the unusual activity and assuring users that their funds were secure.
“We are investigating unusual activity in the past few hours involving a user selling large orders on our
We współpracy z: https://cryptopotato.com/btc-under-10k-bitcoin-price-flash-crashed-on-bitmex-to-8-9k/
