June 2nd saw the Bitcoin market take a massive blow after a massive sell-off event. As reported by Bitcoinist, due to what seemed like an influx of sell pressure from a mining pool, the cryptocurrency dove $1,500 in three minutes on BitMEX. The drop liquidated around $100 million worth of long positions, resetting much of the derivatives market. Some say this is a precursor to a reversion to the downside. Yet order book data shows […]
