reddit/u/coinsmash1 posted an interesting happening on r/Bitcoin:
Source: https://www.reddit.com/r/Bitcoin/comments/caiu8x/44_million_worth_of_shorts_just_got_liquidated_on/
$44 Million worth of Shorts got liquidated on BitMEX.
Means those that bet on a falling Bitcoin price just lost the game.
To quote u/Aussiehash:
BitMEX is like an enormous volume casino for degenerate gamblers, betting with leverage that the price will either go down (short) or up (long). If the price moves in the opposite direction faster than your stop loss, you get liquidated.
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