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BitMEX Bitcoin Price Drops to $8,900
BitMEX: Investigation Ongoing, Withdrawals Not Disabled
BitMEX Bitcoin Price Drops to $8,900
Data shows that the spot trading pair XBT/USDT on BitMEX dropped to $8,900 (-86.73%) at 06:30 Taiwan time on March 19th.
It took about half an hour for the price to recover to the level of $65,000.
XBT/USDT Weekly Chart | BitMEX
BitMEX: Investigation Ongoing, Withdrawals Not Disabled
Twitter user @syq pointed out that within two hours, some traders sold over 400 BTC in batches of 10-50, causing the price to slide by over 30%, and BitMEX has temporarily suspended user withdrawals.
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In response, BitMEX explained that they have not disabled withdrawals for all users, but only for a few accounts under investigation.
BitMEX
Replied:
We are currently investigating unusual activity of large orders being sold on the BTC spot market by users in the past few hours. This will not affect any derivative markets on BitMEX or the index price of XBT derivative contracts. The trading platform is operating normally, and all funds are safe.
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