Arthur Hayes: Large CEXs’ automatic forced liquidation of cross-margin position-related collateral is the reason for the sharp drop in altcoins
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.
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.
You may also like
Dogecoin’s Next Rally: Will the $0.20088 Level Ignite a 2025 Breakout?
- Analysts predict Dogecoin's 2025 third-wave bullish run based on Elliott Wave and Fibonacci patterns, targeting $0.48-$1.96. - Key $0.20088 support level validation could trigger a 2,871% surge if ascending channel and triangle patterns hold. - Divergent price targets ($0.377-$6.08) highlight risks from market volatility, regulatory uncertainty, and failed Fibonacci level tests. - Investors cautioned to prioritize risk management amid speculative nature and potential for extended corrections below critic
Long-term Bitcoin holders sell 265,715 BTC, largest monthly outflow since January
Bitcoin Updates: Zeta Utilizes Bitcoin’s Limited Supply and Returns to Transform Corporate Treasury Stability
- Zeta Network Group raised $230.8M via Bitcoin-backed private sale, issuing shares and warrants priced at $1.70-$2.55. - Funds aim to integrate SolvBTC (1:1 Bitcoin-collateralized) into corporate treasury, enhancing yield and financial resilience. - Move aligns with rising institutional adoption of Bitcoin yield strategies, as BlackRock and Coinbase launch similar products. - Zeta's stock volatility and market skepticism highlight risks of crypto-linked financing amid geopolitical-driven BTC price swings.
Electric aviation company Beta Technologies aims to secure $825 million through an initial public offering
Trending news
MoreCrypto prices
More
