3 ms·
@BXRekt on twitter shows liquidated short positions on Bitmex in realtime. https://twitter.com/BXRekt/status/1527462460457984000 https://twitter.com/BXRekt/sta
by rabite 4y ago
@BXRekt on twitter shows liquidated short positions on Bitmex in realtime.
https://twitter.com/BXRekt/status/1527462460457984000 https://twitter.com/BXRekt/status/1527462460457984000
Here's a million dollar short that got liquidated all of seven hours ago. Shorting Bitcoin is madness, partially because no regulation prohibits most exchange operators from frontrunning their own customers (besides the ones that voluntarily signed on to become the benchmarks for CME's Bitcoin futures price). Exchanges and market makers will collaborate to artificially push prices around to optimally liquidate shorts -- it happens all the time. They love people shorting Bitcoin.