Bitcoin Briefly Crashes on BitMEX Exchange Amid High Trading Volatility

Bitcoin briefly crashed to $8,900 on Monday night on crypto exchange BitMEX while trading above $60,000 on other exchanges

The flash crash happened rapidly, with prices falling and recovering within minutes

Some allege a whale selling over 850 BTC, worth over $55 million, catalyzed the BitMEX price plunge

BitMEX said it is investigating the large sell orders behind the flash crash, but all systems were operating normally

BitMEX stated that its trading platform continues operating as normal and all funds are safe