BitMEX Shed $524 Million In ‘Worst Month’ July: Data

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Bitcoin derivatives giant BitMEX continues to feel the pressure this week as data shows July delivered its worst performance in history. BitMEX $524 Million Lighter In July As Blockchain intelligence resource Token Analyst reported, BitMEX saw over half a billion dollars leave its platform last month. The news came via historical statistics which have since appeared on social media, underscoring the company’s woes in what for others has become a highly-profitable bull market. “Bitmex had $524M net outflows in July. It had never had more than $100M in a single month,” the Twitter account known as Ceteris Paribus, which reported the Token Analyst findings, summarized Sunday. By contrast, 2018 saw inflows of $1.3 billion, with inflows beating outflows every month, despite the bearish sentiment which characterized markets at the time. Bitmex had $524M net outflows in July. It had never had more than $100M in a single month. 2018 brought…

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