) whale caused a flash crash in the price of BTC on the BitMEX cryptocurrency exchange late on Monday after they market sold 977 Bitcoins, with the lowest fill price happening at $8,900.A seller has slipped and eviscerated product down to $10,000 BTC. Looks like well over $10m in total losses at this point on what definitely seems like an algo going haywire.on the event, saying the exchange is now investigating “unusual activity” involving large sell orders on its BTC-USDT spot market overnight.
Following the flash crash, BitMEX sought to downplay any speculation that this portends an upcoming decline in Bitcoin’s price,“Yes, we are investigating potential misconduct by traders on our Bitcoin-USDT Spot market ,” BitMEX said. “However, this incident had NO impact on our billion-dollar derivatives markets. It did not move mark prices, and no liquidations were triggered by it because our indices are independent and battle-tested.
“And PS: Next time you come across clickbait like "Bitcoin at $8,900 on BitMEX!" - remember that only @CryptoCapo_ himself can reliably claim a price below 12k!,” BitMEX said, poking fun at one of crypto’s biggest bears over the past couple of years, who regularly called for a sub-$15k Bitcoin.
– Gold remains under-allocated in investor portfolios, and the Fed’s imminent easing cycle will likely make it an even more attractive asset this year, according to Columbia Business School professor and QuantStreet Capital partner Harry Mamaysky.An anonymous Bitcoin whale caused a flash crash in the price of BTC on BitMEX late on Monday, filling buy orders as low as $9,800. The broader market was unaffected. - Gold and silver prices are lower in midday U.S. trading Tuesday.