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The Bitcoin network has achieved a new milestone with its hashrate surpassing 636.41 million exahashes per second (EH/s), indicating robust network security and miner commitment. Concurrently, BitMEX experienced significant market volatility when a user sold over 400 BTC in a short period, causing a drastic price drop to $8,900 before recovering to normal levels. This unusual market activity, involving substantial slippage and losses estimated at over $10m, is under investigation by BitMEX.
🚨 BREAKING 🚨 BITCOIN JUST HIT $8,900 ON BITMEX EXCHANGE AFTER A USER SOLD MORE THAN 400 BTC INSTANTLY. PRICE HAVE NOW RETURNED TO NORMAL. BITMEX IS INVESTIGATING https://t.co/Cx0DrfYIWs
A user sold more than 400 BTC on the BitMEX exchange, causing the price of BTC in BitMEX to fall to $8,900, it has now returned to normal, according to @blckchaindaily. BitMEX responded that it is investigating unusual activity involving user selling large orders in the BTC-USDT…
Bitmex BTC market shenanigans XBTUSDT Thin spot orderbook just got slipped pretty wide low of the day $8.9K Peak volume here was only 167 BTC per 5min candle Total volume traded between $8.9K & current price ~ 980BTC After price slipped to $50K this likely blew out… https://t.co/SGpqRzihPW
