BitMEX probing Bitcoin flash crash to $8.9k.

Ritu77

According to Bloomberg, the cryptocurrency trading platform BitMEX is investigating unusual trading activity that caused Bitcoin to flash crash on its platform this morning. Around 06:30 Beijing time on March 19th, the BTC/USDT price on BitMEX dropped to a low of $8,900, while Bitcoin was trading at over $66,000 on other exchanges.

A spokesperson for BitMEX stated that the company is investigating the incident and has found evidence of "aggressive selling behavior involving a very small number of accounts, beyond the expected range of the market." They added that their system is functioning normally, and all user funds are secure.

An account named @syq, referred to as X account, first posted information about the sudden sell-off, implying that the flash crash coincided with the sale of approximately 977 bitcoins worth about $66 million. The BitMEX spokesperson declined to comment further on the details of the incident.

Yamini003

What's going on with this exchange?

Ritu13

What flash crash? It's just adjustment and shaking out weak hands, right?

Indra55

This trading platform is quite user-friendly.

Kahn332

With so many trading platforms out there, it's really not easy to decide which one to choose.