Over $275 million in Bitcoin longs were liquidated on BitMEX.

Bitcoin Longs Take a Dive as Over $275 Million is Liquidated on BitMEX

Bitcoin prices tumbled below $6,000 on BitMEX as over $275 million in market capitalization was liquidated in the last 24 hours.

The sell-off began on Wednesday night when $75 million in market capitalization was liquidated on the exchange. This led to a sharp sell-off on Thursday morning, which continued into the afternoon. As of writing, Bitcoin is currently trading at $5,870 on BitMEX.

This liquidation follows the news that Bakkt will not launch until the first half of 2019. This has caused investors to become cautious of digital assets, which has lead to a slide in prices.

Bitcoin Market Sees High Volatility - Over $275 Million in Longs Liquidated on BitMEX

Bitcoin market volatility continues to be high, with over $275 million in longs liquidated on BitMEX in the last 24 hours.

Bitcoin has seen a significant uptick in price over the past few days, reaching a high of $8,500 on Sunday. However, this has not been without its fair share of volatility, with the price dropping below $7,000 on Monday before rebounding to $8,500 late Tuesday night.

As of Wednesday morning, the price of bitcoin is sitting at $8,470 on BitMEX. Over the past 24 hours, there have been over $275 million in longs liquidated on the exchange, with the most active contract being for 1,000 bitcoins worth $8.5 million.

Bitcoin has seen a significant increase in market valuation this year, rising more than 1,000% since the beginning of the year. However, despite this rally, market volatility remains high, with the price dropping below $7,000 on multiple occasions in recent weeks.

Bitcoin Bears Win as Over $275 Million in Longs Liquidated on BitMEX

Bitcoin and other digital assets continue to outperform traditional assets, with the value of digital assets increasing by more than $275 million on BitMEX over the past 24 hours.

Bitcoin has surged in value by more than 20% over the past week, with some experts predicting that the digital asset could reach $5,000 by the end of the year.

Bitcoin continues to outpace other digital assets, with Ethereum falling to third place in terms of market capitalization.

BitMEX is one of the largest cryptocurrency trading platforms in the world, with more than $1.2 billion worth of digital assets traded on the platform over the past 24 hours.

Huge Losses for Bitcoin Traders - Over $275 Million in Longs Liquidated on BitMEX

Bitcoin traders have lost a total of over $275 million in longs liquidated on BitMEX over the past week. This amounts to around 57% of all longs traded on the exchange during that time.

The majority of these losses occurred between Wednesday and Friday, with the largest single loss totaling $30 million. Interestingly, this doesn’t appear to have had a significant impact on BitMEX’s overall volume, which was relatively unchanged during that time.

Bitcoin Price Struggles Amid Liquidation

The liquidation of these longs appears to be having a negative impact on the bitcoin price, as seen by the sharp decline in prices over the past week. This decline has pushed the price below the $6,000 mark for the first time since early December.

It remains to be seen whether or not these losses will have a long-term impact on the bitcoin market, and it remains to be seen whether or not the price will recover in the coming weeks.

Over $275 Million Lost in Bitcoin Longs Liquidated on BitMEX

Bitcoin has seen a lot of volatility in the past year, with prices swinging wildly from one day to the next. This volatility has caused a lot of people to lose a lot of money in their Bitcoin investments.

According to data from BitMEX, over $275 million worth of Bitcoin longs have been liquidated on the exchange over the past month. This is a sign that people are beginning to panic and sell their coins in an attempt to get out before they lose even more money.

This volatility is going to continue to cause a lot of people to lose money in the short term, but it is also likely to lead to more stability in the market in the long term. The price of Bitcoin is going to be driven by supply and demand, and the more people that sell, the lower the price will go.

Market Turmoil: Over $275 Million in Bitcoin Longs Liquidated on BitMEX

Bitcoin has seen a turbulent few days with the price dropping below $6,000 per coin. This has caused a large amount of Bitcoin longs to liquidate on BitMEX.

As of writing, the market has liquidated over $275 million worth of Bitcoin longs. This is likely due to the bear market and the volatility of the cryptocurrency.

This is a significant move for BitMEX as it shows that the majority of investors are interested in shorting Bitcoin. This is likely due to the overall bear market and the fear of a Bitcoin bubble.

Bitcoin Whales Suffer Heavy Losses as Over $275 Million in Longs Liquidated on BitMEX

Bitcoin whales are suffering heavy losses as over $275 million in longs liquidated on BitMEX.