BitMEX open interest is showing signs of rebounding; here’s what this could mean for Bitcoin

Bitcoin’s price action seen throughout the past several days has been rather lackluster, with the benchmark cryptocurrency seeing some choppy trading that has led it to establish a wide range between $5,800 and $6,800. Interestingly, BitMEX’s open interest has risen in tandem with this turbulence – a sign that traders are growing more interested in […]
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Binance and others overtake BitMEX as most-used Bitcoin derivatives platform

As CryptoSlate has detailed extensively over the past few weeks, the dynamic of the crypto market has dramatically changed ever since Mar. 12’s Bitcoin flash crash, during which the market capitalization of the space lost almost 50 percent within a 24-hour time span. Data shows that BitMEX, a top cryptocurrency derivatives exchange, has been especially […]
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Keep it vs. leave it: Why Binance delisting leveraged crypto assets has users divided

Binance, the world’s largest crypto exchange, has decided to delist leverage crypto tokens from its platform. The decision led to mixed reactions from users; some supportive and others wanting the leverage tokens to remain on Binance. What are leveraged crypto tokens and why is Binance delisting them? On futures exchanges like Binance Futures, FTX, Bybit, […]
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Forget crypto: Kiyosaki says the stock market is “manipulated”

The crypto market has been relatively stable in the last four days. The Bitcoin price has generally been moving in between a five percent range, showing an unusually low level of volatility. In contrast, the U.S. stock market has demonstrated extremely large swings, moving by three to six percent on a daily basis in the […]
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Volatility Ahead: More Than 50K In BTC Options Contracts Set to Expire

Bitcoin has had a rough March in any measuring stick, with the coin itself halving in value in the span of a week. However, as […]
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Several key metrics suggest that Bitcoin could be preparing for a power move

Key metrics show that bulls may be betting heavily on Bitcoin as the coin reclaims ground from its late-February tumble in tandem with the global economy. Investors seem to be accumulating with real conviction. Bitcoin’s 7-day trading average volume as measured by the Bitwise 24-hour “real” spot volume index is at the highest level since […]
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Why the Federal Reserve’s balance sheet exploding past $5 trillion is bullish for Bitcoin

Despite dramatic measures taken to stem the spread of the coronavirus, it has continued to wreak havoc on the Western world, continuing to sweep across the U.S. and Europe while shutting down thousands of businesses and forcing millions out of work. As a result, the Federal Reserve has had to pull out all the stops […]
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The White House’s $6 trillion stimulus package is astronomically bullish for Bitcoin; here’s why

The entire world, including the Bitcoin industry, has been ravaged by the coronavirus outbreak over the past few weeks; indeed, to mitigate the spread of COVID-19, authorities have been forced to enact emergency measures, thereby shutting down thousands of businesses and resulting in millions laid off around the world. In short: the economic impact has […]
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The Fed just gave crypto a critical lifeline by doing this, and Bitcoin is strongly reacting

The Federal Reserve is taking a stronger approach than it did during the 2008 financial crisis to slow down the downtrend of the U.S. economy. The crypto market has been rallying in tandem with U.S. stock market futures, reducing fear in the market for the first time since early March. The Fed will be able […]
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These 2 key on-chain factors suggest Ethereum’s recovery is well on its way

Even after the crypto market’s hefty recovery over the past week, Ethereum remains far below the values it was trading at just a month earlier. In fact, ETH trades at $134 as of the time of this article’s writing — 55 percent below the 2020 highs it reached in February. Despite this strong downturn, which […]
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This relatively small amount of money will pump-and-dump Bitcoin’s price

BitMEX recently suffered an attack that resulted in $1.2 billion in liquidations. Despite the significant amount of money that its users lost, data reveals that the platform is still susceptible to market manipulation. BitMEX’s roll in the crypto derivatives market BitMEX is one the biggest and most liquid Bitcoin and crypto-asset derivatives trading platforms around […]
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Bitcoin After The Storm: An Asset For Recession Times

Bitcoin continues to shed value in tandem with equity markets. However, after dropping to sub $5,000 territory yesterday (16 March) it has attempted to consolidate […]
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Aftermath of bizarre Bitcoin crash: BitMEX overtaken by FTX and Deribit in Ethereum futures

BitMEX, one of the largest cryptocurrency futures exchanges in terms of daily volume, has fallen behind OKEx, FTX, Deribit, Huobi, and Bybit in Ethereum open interest after the overnight Bitcoin drop to $3,600 on March 12. The exchange was criticized for not using a large part of its insurance fund as $1.2 billion worth of […]
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There’s a possibility Bitcoin bottomed at $3,800: here are 3 reasons why

Bitcoin has arguably had its worst week ever; after peaking at $9,200 last weekend, the cryptocurrency plunged as low as $3,800, marking a drop of 60 percent in under seven days’ time. Although the price of BTC has since recovered to $5,400, with the asset showing remarkable strength in the wake of a capitulation event, […]
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Trader warns institutions won’t ever invest in Bitcoin large-scale due to the overnight plunge

The Bitcoin price plummeted by 50 percent on March 12 in a steep sell-off, and one cryptocurrency trader said that it could eliminate the appetite of institutional investors to invest in the space at a large-scale. “Bitmex is the main reason institutions won’t ever invest in BTC in large scale. Too much manipulation. Seriously if […]
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Futures traders anticipating further declines even after Bitcoin’s colossal drop

Back-month Bitcoin futures contracts are trading at a steep discount to spot on the leading exchanges, indicating that derivatives traders could have low expectations for a price recovery after the coin’s recent capitulation. The basis, which measures the premium or discount between the spot price and the futures price, is often considered a useful gauge […]
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Market meltdown destroys BitMEX order book, leaving crypto market prone to volatility

The global markets were subjected to an unparalleled meltdown yesterday that proved to be particularly impactful to the crypto markets, with Bitcoin and many major altcoins posting their largest single-day losses ever. This extraordinary price action caught investors by surprise and created a cascade of liquidations on BitMEX that further perpetuated the selloff, with buyers […]
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BitMEX Derivatives Exchange Liquidates $700 Million worth Bitcoin

Bitcoin prices are crashing and creating a panic in the market. On Friday, the price of one Bitcoin reached $4,900, creating a new bottom this […]
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FTX CEO: Bitcoin price might have gone to zero if BitMEX hadn’t gone offline

The CEO of Hong Kong-based crypto derivatives exchange FTX has speculated that if BitMEX had not gone offline on account of “hardware issues” Friday morning, the price of Bitcoin could have crashed to zero. Sam Bankman-Fried, a.k.a. SBF, mused in a thread on Twitter Friday morning that BitMEX may have pulled their exchange offline out […]
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Bitcoin hits 10% below spot price on BitMEX as funding rate tanks to lowest level in years

The price of Bitcoin deviated $400 below the BTC spot price on BitMEX’s Bitcoin perpetual swap contract as the platform’s funding rate cratered to its lowest level in years. The huge divergence came following a ferocious market-wide sell-off that saw Bitcoin shed nearly 40 percent against the dollar, one of the coin’s worst days on […]
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Capitulation: Bitcoin Falls Off a Cliff to $5,600, Crypto Now in “Uncharted Territory”

There’s no other way to put it: Bitcoin has fallen off a cliff. The cryptocurrency, over the past few hours, has plunged from a comfy price above $7,700 (which now seems extremely high) to as low as $5,600 in the span of a few 15-minute candles. This crash, which caught many traders aback, liquidated some $655 million worth of BitMEX long positions, wiping out many traders across the board. As explained by Bitcoin Jack, former lead analyst at cryptocurrency analysis […] …