The mass liquidation of Bitfinex margin shorts may have just begun! Exciting times!
Price is already up $400 and the cumulative margin counter has barely moved, well, it dropped by 2k BTC, but I think there may be plenty of more shorts puking soon.
Price is already up $400 and the cumulative margin counter has barely moved, well, it dropped by 2k BTC, but I think there may be plenty of more shorts puking soon.
Absolutely! The genius that shorted Bitcoin is going to learn what limited supply means...
Looks like Bitmex went offline for "maintenance" and spooked a lot of people: https://twitter.com/BitMEXdotcom/status/1032069173529194496
They do it every time the short squeeze happens. 😂