Bitcoin falls for $8.9k in Bitmex
Bitcoin experienced a significant correction, losing nearly 7% of its market cap within 24 hours. However, a dramatic turn occurred on the BitMEX platform where Bitcoin's price plummeted to $8,900 from $64,000 before swiftly rebounding to near $67,000. This was attributed to a large-scale sale of over 850 BTC by a market whale. BitMEX is investigating this unusual activity, reassuring that user funds remain secure and unaffected in their derivatives market.
