What BitMEX scandal? Bitcoin futures data shows traders focused on $12K

Cointelegraph

Published Oct 02, 2020 05:35PM ET

Updated Oct 04, 2020 08:40PM ET

BitMEX used to be the indisputable leader of Bitcoin (BTC) futures trading and if something similar to yesterday's civil enforcement action were to happen back in 2015-2018 the crypto markets would have completely collapsed.

Regardless of partial recovery to $10,600, which was relatively quick, derivatives markets held steady during the $500 drop down to $10,400. Neither BTC futures or options displayed any signs of discomfort to the negative news.

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