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Arthur Hayes: Automatic liquidation of cross-margin collateral by large CEX triggers crash in altcoins
Summary: In a recent statement, BitMEX co-founder Arthur Hayes pointed out that the automatic liquidation of cross-margin collateral by large centralized exchanges (CEX) is the reason behind the significant drop in prices of many altcoins. He mentioned that 'when limit orders are not filled, liquidation runs smoothly' and stated that several high-quality altcoins may struggle to ...
In a recent statement, BitMEX co-founder Arthur Hayes pointed out that the automatic liquidation of cross-margin collateral by large centralized exchanges (CEX) is the reason behind the significant drop in prices of many altcoins. He mentioned that 'when limit orders are not filled, liquidation runs smoothly' and stated that several high-quality altcoins may struggle to return to their previous lows in the short term.
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Link: Arthur Hayes: Automatic liquidation of cross-margin collateral by large CEX triggers crash in altcoins [Copy]
