Bitcoin succeeded in passing the level of 7 thousand dollars in the near future and ending the long-lasting decline. During the increase in the crypto money market, Bitcoin experienced an increase of around 10% and a growth of 20 million dollars was seen in the market volume. Most of the investors in the crypto money market were happy with the increase. But we can not say the same thing to those who sell it. The increase in the market led to a total of $ 180 million in lost sales.
What we mean by "sellers" is investors who think Bitcoin will fall. These people are making a kind of investment in the possibility that Bitcoin will fall. This logic works as follows: When Bitcoin is high, Bitcoin borrows. When the price goes down, you go and buy Bitcoin, and the difference between the prices becomes your profit.
BitMex, which is one of the world's largest crypto money exchanges, also allows investors to do such transactions. Users who want to sell on the spot benefit from leveraging up to 10 kata on BitMex. So if the sellers can not make a profit, they lose 10 percent of their initial collateral.
The price of bitcoin went up a few days ago and we can say that the increase is actually quite rapid. This is why the people who are already selling on the open are caught unprepared. As a result of this increase, BitMex was worth $ 180 million in less than 20 minutes. Six of the sales investments that were turned into money were worth $ 10 million.
There is a bot profile called Big Rekts on Twitter that presents the current report on the liquidity situation on Bitmex. According to this publication, there were about 30 investors who had to sell through BitMex and exit the market.
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