BitMEX Investors’ Bitter Statement: Loss of $ 800 Million in 2019

Today, Bitcoin traders can leverage derivative platforms such as BitMEX. With these transactions, investors can earn much more money than spot investors.

It should be noted that these investors can make more money as well as lose more money. We can see how risky such transactions are for investors when we look at BitMEX data this year.

Total Loss

BitMEX users can predict the course of the Bitcoin price on the platform and take long or short positions from BTC. However, when we look at the data of BitMEX, we can see that these investors lost considerable amounts of money throughout the year.

According to data shared on social media, this year, almost 20 billion dollars in BitMEX’de position was liquidated. Assuming an average leverage ratio of 25 times is used in these positions, this indicates that investors have lost $ 800 million.

What Causes?

As can be seen from the above post, the total loss suffered by investors this year is 20 percent higher than last year.

There may be several reasons why this number increases by 20 percent. First of all, it should not be forgotten that BitMEX has more users compared to last year, and it is appealing to a wider audience. The increase in the number of investors may have led to an increase in the total loss.

In addition, the sudden movement of the crypto money market in October 2019 should not be ignored. The price of Bitcoin increased from $ 7,000 to $ 10,000 in just a few hours.

This and other reasons may have led to an increase in this year’s loss. As soon as we enter the new year, it is already a question of how BitMEX will draw a picture in 2020.