BitMEX Founder Expects More Forced Selling of BTC and ETH

Jun 20,2022
KingData News: BitMEX founder Arthur Hayes tweeted: "BTCC - Purpose ETF puked 24,500 $BTC into the North American Friday close. Over the weekend, while the fiat rails are closed, $BTC dropped to a low of $17,600 down almost 20% from Friday on good volume. Smells like a forced seller triggered a run on stops. Given the poor state of risk management by cryptocurrency lenders and over generous lending terms, expect more pockets of forced selling of $BTC and $ETH as the market figures out who is swimming naked."
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