Traders Of BitMEX Eliminate Shorts For $180 Million
The increase of bitcoin’s cost, which exceeded $7400, affected the trading activity of many crypto platforms.
The traders of BitMEX, a crypto exchange, who held six short positions amounting to $180 million, closed them in twenty minutes. The specialists of Cumberland, an over-the-counter trading company, consider that this resulted in the impulsive market growth.
Many asset holders complained about the closure of the BitMEX official website. This might happen because of the system overload caused by the influx of people trying to close their short positions.
As previously reported, Arthur Hayes, CEO of Bitmex, claimed that bitcoin will reach $50 thousand by early 2019.