Arthur Hayes: Large CEXs’ automatic forced liquidation of cross-margin position-related collateral is the reason for the sharp drop in altcoins
BitMEX co-founder Arthur Hayes posted on social media platform that there are market rumors that large centralized exchanges (CEX) automatically liquidated cross-margin positions related collateral, which is the reason why many altcoins suffered greatly during this downturn. Congratulations to all the "bottom fishing warriors" - for many high-quality altcoins, we may never see prices at this level again in the short term.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: Ethereum staking ratio has reached 28.65%, and Lido's market share has reached 24.12%.
Polymarket currently predicts a 45% probability that Bitcoin will rise to $100,000 again this year.
Approximately 1.5 million ETH will be unstaking by the end of December.
The altcoin seasonal index remains low, currently at 22.
