The Bitcoin price has made a reasonable effort to hold the important price level of$ 10,000, however, the efforts of the bulls failed yesterday, as the Bitcoin exchange rate back below the psychological level much. This led to some significant liquidation of Long positions on Bitmex.This means that the Bitcoin exchange rate come back down? This is the beginning of the much-heralded Dumps up to 7,000$? We throw for you, as always, a closer look at what is happening.Please note: None of this articles listed is to Formulate in any way the trading recommendations. This and the following article are solely for the exchange of information with our readership. Neither crypto Monday nor the author of this text shall be liable for any loss incurred as a result of the trading decisions of our readers. DYOR!
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Bitcoin exchange rate Slip liquidated $ 150 million on Bitmex
The small yesterday’s burglary, which carried the Bitcoin exchange rate down to its current price of 9.867$, had far-reaching consequences for some traders on Bitmex, who have held Long positions.The Twitter User Josh Olsewicz noted in one of his Tweets on the Situation and reported that, alone, were liquidated on the stock exchange Bitmex 150 million US Dollar Long positions due to the price movement.
150m in long liqs just on bmex alone pic.twitter.com/B0PbDDLHfM— Josh Olszewicz (@CarpeNoctom) September 19, 2019
This Liquidation followed shortly after the Statement of BitMEX CEO Arthur Hayes, that the Bitcoin price would soon rise to 20,000$.Trading on BitMEX, with up to 100-fold leverage. Do you want to move also larger sums, but the money is missing? On BitMEX, you can act through the lever with 100€ a volume of up to€ 10,000 and your profit times the verhundert. Of thinking but always remember, the higher the leverage, the greater the risk! Now on BitMEX sign up.
The Bitcoin exchange rate is once again the victim of Manipulation?
The Timing of the Statements on the part of the BitMex-CEOs and the subsequent fall in the share price, which leaves some observers-to-understand way, the alarm bells are ringing. Many are wondering whether this decline could be the result of manipulation.The fact is that, this movement has promoted the Bitcoin exchange rate from its current Formation. As we can see on the daily Chart, the Bitcoin exchange rate continued in its consolidation formation.Source: TradingviewIn of my Bitcoin price analysis from the 13.09.19 I have taken up again the fear that we could be on the verge of a Crash, and explains why I am still of the Bitcoin rate against bullish set up.75 % of private CFD accounts lose money.Read also: Ripple rate analysis: XRP rate is exploding – Is this just the beginning? Learn what’s behind the recent price movement and whether the XRP course provides a lucrative trading opportunity. For the analysis to go.What do you think about the Bitcoin exchange rate and its history in the next few weeks? Which direction will it break? Come in to our Telegram Chat and talk with the experts and the Community. Subscribe to our News channel to not miss any news more. (Image Source: Shutterstock Trading View)