😮 BitMEX’s Bitcoin (BTC) insurance fund is now worth $77 million
According to BitMEX research data, the BitMEX insurance fund, which grows from liquidations executed above bankruptcy prices, has grown from 162 Bitcoin ($BTC) at the start of 2018 to 21,366 BTC, or roughly $77.5 million. In other words, as traders lose big, BitMEX's insurance pot grows bigger. Chart analysis, furthermore, shows an inverse relationship between the price of Bitcoin and BitMEX insurance fund holdings.
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