$BTC Flash Crashed to $8.9K on #BitMex Large sell orders worth $55.49 million drove bitcoin’s price down to $8,900 on BitMEX. The overnight crash was short-lived.

The price crash on BitMEX occurred on the #XBT/USD spot market late Monday.

BitMEX said on #X that it is investigating the large sell orders that caused the flash crash.

Yes, you read the title right. Late Monday, bitcoin (BTC) suffered a brief crash to as low as $8,900 on cryptocurrency exchange BitMEX, while prices on other exchanges held well above $60,000.

The slide began at 22:40 UTC, and within two minutes, prices fell to $8,900, the lowest since early 2020, according to data from the charting.

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