Arthur Hayes: Large CEXs’ automatic forced liquidation of cross-margin position-related collateral is the reason for the sharp drop in altcoins
By:Cointime
BitMEX co-founder Arthur Hayes posted on social media platform that there are market rumors that large centralized exchanges (CEX) automatically liquidated cross-margin positions related collateral, which is the reason why many altcoins suffered greatly during this downturn. Congratulations to all the "bottom fishing warriors" - for many high-quality altcoins, we may never see prices at this level again in the short term.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$87,997
-0.20%
Ethereum
ETH
$2,964.61
+1.78%
Tether USDt
USDT
$0.9995
-0.09%
BNB
BNB
$846.92
+0.66%
XRP
XRP
$1.88
-0.97%
USDC
USDC
$0.9999
-0.05%
Solana
SOL
$126.37
+1.23%
TRON
TRX
$0.2786
-0.07%
Dogecoin
DOGE
$0.1287
+0.69%
Cardano
ADA
$0.3672
-0.60%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now