Loading ...I’ve always said that the futures market could not be ‘connected’ to an independent Bitcoin trading system. Some dolts still think they can ‘influence’ the underlying BTC market with large directional bets on the futures exchanges… which are largely unregulated. Not like the ‘tricks’ that they can play on the CME or COMEX. Anyway… one ‘whale’ did a lot of damage on an exchange, and caused the exchange to ‘bail-In’ unrealized profits from other traders to keep the system afloat when the underlying BTC price took a sharp turn. Paper…. it burns….
I think I have the equivalent of about $62 left in my BTC wallet. Don’t ask how many ounces I squeezed out previously.
https://www.zerohedge.com/news/2018-08-03/bitcoin-whale-blows-leading-forced-liquidation-bail-ins